Advanced Hypothesis Testing
Title: Advanced Hypothesis Testing
Category: /Society & Culture/Education
Details: Words: 415 | Pages: 2 (approximately 235 words/page)
Advanced Hypothesis Testing
Category: /Society & Culture/Education
Details: Words: 415 | Pages: 2 (approximately 235 words/page)
We will identify the feasibility of hiring temporary employees as opposed to working current employees into overtime at Proctor & Gamble (P&G). For example, P&G employees earn an average of $25 dollars per hour and are entitled to many benefits like medical, dental, vision, and various employee assistance benefits. By hiring temporary employees, P&G circumvent the need for benefits to that group of people.
P&
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the critical values fall within range.
Descriptive Statistics: Wages/hr
Variable N N* Mean SE Mean StDev Minimum Q1 Median Q3
Wages/hr 35 1 13.471 0.265 1.567 10.500 12.500 13.500 15.000
Variable Maximum
Wages/hr 17.000
One-Sample Z: Wages/hr
The assumed standard deviation = 1.567
95%
Upper
Variable N Mean StDev SE Mean Bound
Wages/hr 35 13.4714 1.5669 0.2649 13.9071
One-Sample T
95%
Upper
N Mean StDev SE Mean Bound
35 13.4710 1.5670 0.2649 13.9189
Reference
Proctor & Gamble. Retrieved March 23, 2006 from: http://www.pg.com/en_US/index.jhtml
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