How to conclude that state employees earn less

Assignment Help Basic Statistics
Reference no: EM13116537

The mean salary of federal government employees on the General Schedule is $59,593. The average salary of 30 state employees who do similar work is $58,800 with a standard deviation of $1500. at the 0.01 level of significance, can it be concluded that state employees earn on average less than federal employees?

Reference no: EM13116537

Questions Cloud

What amount received by rational person : If the market rate of interest is 10%, a rational person would just as soon receive $1,100 three years from now as what amount today (round to the nearest dollar)?
Is this a demand issue or supply issue : Why does rent control result in a shortage of rental units and any time there is a shortage of a good it means that the price is too low. Analyze this statement.
How many grams of potassium bromide are required : how many grams of potassium bromide are required to prepare 350 mL of a .200 M solution.
Explain how many meters will the car have moved : A child suddenly runs into the street. If it takes the driver 0.80 s to react and apply the brakes, explain how many meters will the car have moved before it begins to slow down?
How to conclude that state employees earn less : A standard deviation of $1500. at the 0.01 level of significance, can it be concluded that state employees earn on average less than federal employees?
Changing currency value and its effect on trade : Explain how a rise in the euro might affect a French company exporting wine to the U.S., and compare that to the impact on a German firm importing semiconductors from the U.S.
Explain how does group behavior influence organozation : Explain How does group behavior influence how people bahave individually in your organozation? How does culture influence their group and individual behavior? How might systems thinking influence how an organization relates to its employees?
How many ml of sodiun hydroxide are needed : How many mL of 0.220 M of NaOH are needed to completely hydrolyze 2.40 grams of propyl acetate.
Illustrate what is the average acceleration of the cheetah : At t = 5.0 seconds, the cheetah is standing still, having knocked over the gazelle. Illustrate what is the average acceleration of the cheetah from t = 0 to t = 5.0 seconds?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Find the mean, median, first quartile and third quartile

One of the major measures of the quality of service provided by any organization is the speed with which responds to customer complaints. A large family-held department store selling furniture and flooring, including carpet, had undergone a major ..

  Computer ouput for a regression analysis

Shown below is computer ouput for a regression analysis relating Y (demand in units) and X (unit price).

  Determine the area under the normal curve

A probability distribution is a mutually exclusive listing of the outcomes of an experiment which can occur by chance and the corresponding probabilities of occurrence.

  Information about one-way anova

Research the topic of Job Satisfaction using the Business Source Premier Database (EBSCO) and/or the ABI Inform Global database in the Library using the instructions linked here.

  Computing percent of employees don-t have dental expense

Compute fraction of the employees cost between $1,500 and $2,000 per year? Evaluate percent that didn't have any dental expense.

  Difference in standard error

You've two separate sets of data. From one set you calculate the standard error to be 500. From the other set, the standard error was 5.

  Longitudinal and cross sectional business research studies

Explain the differences between longitudinal and cross sectional business research studies. Which two types of probability sampling are best suited for business research and statistical data analysis, and why?

  Risk neutral probability and value of call option

A stock price is currently $100. Over each of the next two three-month periods it is expected to increase by 10% or fall by 10%. Consider a six-month European call option with a strike price of $105.

  Significance testing format

The most important material reclaimed from beverage bottles is PET plastic. A serious impurity is aluminum, which later can clog the filters in extruders when the recycled material is used.

  Identify the independent variable and the dependent variable

Strack, Martin, and Stepper (1988) found that people rated cartoons as funnier when holding a pen in their teeth (which forced them to smile) than when holding a pen in their lips (which forced them to frown). For this study, identify the independ..

  Determining modelling and simulation

The dying rate in an industrial process is department of many factors and varies according to the following distribution.

  Find the sample size for the given problem

It is impossible to obtain a standard error less than 2 for any sized sample.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd