Since the Fair Labor Standards Act was passed in 1938, the s…
Since the Fair Labor Standards Act was passed in 1938, the standard work week in the United States has been 40 hours. Suppose that this data set on StatCrunch shows the number of hours worked in a week for a random sample of 50 U.S. workers. Do the data provide evidence that the true mean number of hours worked is different than 40 hours? State the null and alternative hypotheses for this situation.
Read DetailsUsing question 5, compute the 95% confidence interval for th…
Using question 5, compute the 95% confidence interval for the unknown population parameter, the true mean number of hours worked by U.S. workers. Write the lower and upper bounds of your confidence interval to one decimal place.
Read DetailsFind the present worth of the new machine. The MARR is 12% p…
Find the present worth of the new machine. The MARR is 12% per year/compounded annually. New Nachine First cost, $ −40,000 Annual operating cost, $ −5,000 Annual repair cost, $ −1,000 Overhaul after 5 years, $ −2,000 Salvage value, $ 10,000 Life, years 10
Read DetailsYou are a college professor running a systematics lab. Your…
You are a college professor running a systematics lab. Your grad student found a paper in the literature reporting the phylogeny of her favorite group of organisms, based on gene A. To verify the published phylogeny, she sequences gene B and gets a slightly different phylogeny. What are four possible explanations for the difference between her result and the published one?
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