User Account

All Pages

Difference between the mean wage levels

Assignment Help Basic Statistics
Reference no: EM13948148

Wage negotiations between your firm and the union representing your workers are about to collapse. There is considerable disagreement about the mean wage level of workers in Plant A and in Plant B. Wages wee set by the old labor agreement reached three years ago and are based strictly on seniority. Although wages are closely controlled by the labor contract, it may not be possible to assume that the variation in wages is the same at both A and B. Furthermore, it is felt that there is a difference between the mean wage levels due to differing patterns of seniority. Managements head labor negotiator want you to develop confidence intervals to estimate the

a. degree of variability in wages, and

b. difference between the mean wage levels

If a difference exists in the means, wage adjustments must be made to bring the lower wages up to the level of the higher ones. Given the sample data on hourly pay below, what adjustments are called for? This is a very sensitive issue, and the managements head labor negotiator feels you can tolerate only one percent probability of error.

Plant number of employees, average pay per hour Standard deviation

A 25 $22.53 $9.60
B 21 $15.50 $9.33

Reference no: EM13948148

Questions Cloud

Bjectives for the company opting for an erp system : Identify and critically discuss the objectives for the company opting for an ERP system and critically argue if this has been the right decision.
Identify what forms of discrimination it expressly prohibits : Appraise the level of racial, ethnic, and cultural diversity in the organization, particularly in relation to Title VII of the Civil Rights Act of 1964, and identify what forms of discrimination it expressly prohibits
Compute the mass fractions of a ferrite : Compute the mass fractions of a ferrite and cementite in pearlite. What is the distinction between hypoeutectoid and hypereutectoid steels?
Write and execute a query whose passwords have expired : Write and execute a query that lists users whose passwords have expired or whole accounts are locked.
Difference between the mean wage levels : If a difference exists in the means, wage adjustments must be made to bring the lower wages up to the level of the higher ones. Given the sample data on hourly pay below, what adjustments are called for?
The new york times the washington post : The New York Times, the Washington Post, and the Dallas Morning news?
Part of the development process is outsourced : Consider outsourcing: It is many times the case that at least part of the development process is outsourced. In fact, project leaders today must be capable of handling geographically diverse teams as well as timeline and resource constraints. Outsour..
Find an expression for the correlation of xy and y : Let X and Y be independent random variables with mean j and k and variances m^2 and n^2. Find an expression for the correlation of XY and Y in terms of these means and variances.
Create an index used for this query.save your sql in a file : Create an index that will be used for this query and therefore speed up its response time. Save your SQL in a file.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Confidence interval-average number customers served weekdays

She believes that the number of customers served on weekdays follows a normal distribution. Construct an 99% confidence interval of the average number of customers served on weekdays.

  Find what values for sample means would be possible

If another sample of 1000 companies is taken, do you expect the sample mean to be 7.2 again? Why or why not? Repeating this experiment many times with different samples.

  1 ross whites machine shop uses 2500 brackets during the

1. ross whites machine shop uses 2500 brackets during the course of the year and this usage is relatively constant

  Significance for the mean lifetime of light bulbs

What is the critical value at .1 significance? Can we conclude the mean lifetime of light bulbs made by this manufacturer differs from 48 months?

  Give a scenario preferably related to your area of

judgmental forecasting and managerial issuesgive a scenario preferably related to your area of expertise or work

  Reject if z is lower critical value-upper critical value

Using = .05, what is the critical value for the test statistic? (+ or -). State the rejection rule: Reject H0 if z is the lower critical value or the upper critical value.

  Confidence interval for the mean weight

Find a 99.9% confidence interval for the mean weight of all bumblebee bats at the following confidence levels (two places after decimal):(______, ______)

  A resercher wishes to estimate with 90 confidence the

a resercher wishes to estimate with 90 confidence the proportion of adults who have high-speed internet access. her

  Giving null and research hypothesis

Giving Null and Research Hypothesis

  Testing the significance of correlationa manufacturer must

testing the significance of correlation.a manufacturer must decide whether to extend credit to a retailer who would

  What is mental accounting and how does it impact consumer

expected value and consumer choicesconsumers choices are prey to subtle discrepancies that arise in cognitive

  Question regarding the uniquencess theorem

Let X and Y be two random variables with moment generating functions MX (t) and MY(t), respectively. If MX(t) for all values of t, then X and Y have the same probability distribution.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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