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Cornell University conducted a study of wage differentials between men and women reported that one reason that men's wages are higher is that men tend to have more years of work experience than women. The following results were obtained in the study:
n 100 85
mean experience 14.9 10.3
σ 5.2 3.8
Test the assumption that the average work experience of men is greater than that of the women at the 5% significance level. Show all steps.
A government subsidy to the producers of a product: A. reduces product supply. B. increases product demand C. increases product supply. D. reduces product demand.
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7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?
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