The file “Question 2 Data” contains some results from a statistically well conducted survey which lo
Question: The file “Question 2 Data” contains some results from a statistically well conducted survey which looked at a random sample of manufacturing firms and a random sample of wholesale firms. The column labelled “Sector” indicates whether a firm is engaged in manufacturing (man) or wholesale (whole). The column labelled “<75%” indicates whether the firm spends less than 75% of its total revenue on salaries and wages (Y) or spends 75% or more of its total revenue on wages and salaries (N).
Produce a table like that outlined below with the counts of numbers of firms in each of the four blank cells shown.
Percentage of total revenue spent on salaries and wages| Less than 75% | 75% or more | |
| Manufacturing | ||
| Wholesale |
Use an appropriate statistical method to assess whether the survey provides enough evidence
to conclude, at the 5% level of significance, that the proportion of firms that spend more than 75% of their total revenue on salaries and wages is higher in manufacturing than in wholesaling.
Deliverables: Word Document
