Can this company be accused of paying substandard wages

Reference no: EM13621391

The hourly wages in a particular industry are approximately normally distributed with mean $15.00 and a standard deviation of $2.00. A company in this industry employs 49 workers, paying them an average of $13.00 per hour. Can this company be accused of paying substandard wages (wages significantly below the average)? Run an appropriate hypothesis test and compute the level of significance.

Reference no: EM13621391

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