5. An analyst in a personnel department randomly selects the records of 16 employees and finds that the mean wage rate i
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5. An analyst in a personnel department randomly selects the records of 16 employees and finds that the mean wage rate is X =$9.50 with a standard deviation of s = $1.00. The wage rates in the firm are assumed to be normally distributed. Test the null hypothesisHo: u = $10.00, using the 10 percent level of significance. ANS (Reject H, ).