Construct a confidence estimate for the population

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Reference no: EM132680923

Suppose that the population average of (monthly) wage of young employees in Tasmania in the previous year before this survey was conducted was $900.

Question 1: Conduct a hypothesis test that the population average wage of young employees in Tasmania during the year of survey remains the same as in the previous year.

Question 2: Construct a 95% confidence estimate for the population average wage, and comment whether the population average wage in the year of survey remains the same as in the previous year.

Reference no: EM132680923

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