Discussion:
Q: The mean wages paid to Americans between the ages of 45 and 64 across all demographics in the United States is $38,740 with a standard deviation of $156. We took a sample of 31 workers between the ages of 45 and 64. They had a mean earned wages of $33,298. At the 0.05 significance level can we conclude does the sample show that the population mean is accurate?
Ho: µ = $38,740
H1: µ ≠ $38,740