Solution) The salaries of five employees at XYZ Brokerage are $30,000, $50,000, $60,000, $70,000, and $90,000.
Question:
The salaries of five employees at XYZ Brokerage are $30,000, $50,000, $60,000, $70,000, and $90,000. The industry salaries are normal, with a mean of $55,000 and standard deviation of $8,000. Can you conclude with a 5 percent level of significance that the salaries of workers in XYZ Brokerage are higher than that for the industry?
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Deliverables: Word Document
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