I am given the following data:
Observation Wage
1 $8.75
2 $10.00
3 $10.25
4 $6.50
5 $15.00
6 $10.00
7 $8.00
8 $7.50
9 $12.75
10 $9.25
From this I get a sample mean of 9.8. A standard deviation of 2.51.
My problem is the following:
Use proper notation, write the “null” and...