the critical value for a lower-tailed test from a sample of 32 at a.025 level of significance is (use 3 decimal places)

Size: px
Start display at page:

Download "the critical value for a lower-tailed test from a sample of 32 at a.025 level of significance is (use 3 decimal places)"

Transcription

1 1. With the population variance known, the critical value of a lower-tailed test at a 0.05 level of significance is (use 3 decimal places). the critical value of an upper-tailed test at a 0.05 level of significance is (use 3 decimal places). the critical values of a two-tailed test at a 0.01 level of significance are (, ) (use 3 decimal places). 2. With the population standard deviation unknown, the critical value for a lower-tailed test from a sample of 32 at a.025 level of significance is (use 3 decimal places) the critical value for an upper-tailed test from a sample of 32 at a.05 level of significance is (use 3 decimal places) the critical values for a 2-tailed test from a sample of 32 at a.10 level of significance is (, ) (use 3 decimal places) 3. In random sample of 60 with the mean equal to 42, you want to test whether the average is 50. Assume the population standard deviation is 28. The test statistic equals (use 3 decimal places), at 5% significance. Thus,. In random sample of 40 with the mean equal to 51, you want to test whether the average is significantly more than 50. Assume the population standard deviation is 28. The test statistic equals (use 3 decimal places), at 5% significance. Thus,. In random sample of 35 with the mean equal to 45, you want to test whether the average is significantly less than 50. Assume the population standard deviation is 28. The test statistic equals (use 3 decimal places), at 5% significance. Thus,.

2 4. Consider the following hypothesis test: H0: μ > 20 Ha: μ < 20 A sample of 55 provided a sample mean of The population standard deviation is 1.6. Compute the value of the test statistic (to 4 decimals). Using α = 0.1, what is the critical value for the test statistic (to 3 decimals)? State the rejection rule: Reject H0 if the test statistic is the critical value. Using α = 0.1, can it be concluded that the population mean is less than 20? 5. Consider the following hypothesis test: H0: μ < 50 Ha: μ > 50 A sample of 68 is used and the population standard deviation is 7.6. Use the critical value approach to state your conclusion for each of the following sample results. With α = 0.01, the critical value is With the sample mean = 52.5, what is the value of the test statistic (to 4 decimals)? With the sample mean = 51.8, what is the value of the test statistic (to 4 decimals)? With sample mean = 51.0, what is the value of the test statistic (to 4 decimals)?

3 6. Wall Street securities firms paid out record year-end bonuses of $ per employee for 2005 (Fortune, February 6, 2006). We would like to take a sample of employees at the Jones & Ryan securities firm to see whether the mean year-end bonus is different from $125,500. A random sample of 40 employees at Jones & Ryan yielded an average year-end bonus of $ Assume a population standard deviation of $ The null and alternative hypotheses are H0: μ With α = 0.02 as the level of significance, the critical values for the test statistic are +/- (use 3 decimal places). The test statistic equals (use 4 decimal places). Can you reject the null hypothesis? Thus, you. 7. In 2001, the U.S. Department of Labor reported the average hourly earnings for U.S. production workers to be $14.32 per hour (The World Almanac 2003). A sample of 54 production workers during 2003 showed a sample mean of $14.26 per hour. Assuming the population standard deviation is $2.05, can we conclude that an increase occurred in the mean hourly earnings since 2001? State the hypotheses. H0: μ The text statistic equals (use 4 decimal places). Using α = 0.1, the critical value equals (use 3 decimal places). Can you conclude that there has been an increase in the population mean hourly wage of production workers? 8. Consider the following hypothesis test: H0: μ > 20 Ha: μ < 20 A sample of 34 provided a sample mean of and a standard deviation of Compute the value of the test statistic (to 4 decimals). Using α = 0.1, what is the critical value for the test statistic (to 3 decimals)? State the rejection rule: Reject H0 if the test statistic is the critical value. Using α = 0.1, can it be concluded that the population mean is less than 20?

4 9. Consider the following hypothesis test: H0: μ < 50 Ha: μ > 50 Samples of size 53 are used to test the hypotheses above. With α = 0.02, the critical value is With the sample mean = 52.5 and sample standard deviation = 7.74, what is the value of the test statistic (to 4 decimals)? With the sample mean = 51.8 and sample standard deviation = 7.92, what is the value of the test statistic (to 4 decimals)? With sample mean = 51.0 and sample standard deviation = 8.71, what is the value of the test statistic (to 4 decimals)? 10. Wall Street securities firms paid out record year-end bonuses of $125,500 per employee for 2005 (Fortune, February 6, 2006). We would like to take a sample of employees at the Jones & Ryan securities firm to see whether the mean year-end bonus is different from $125,500. A random sample of 34 employees at Jones & Ryan yielded an average year-end bonus of $ and a standard deviation of $ The null and alternative hypotheses are H0: μ With α = 0.05 as the level of significance, the critical values for the test statistic are +/- (use 3 decimal places). The test statistic equals (use 4 decimal places). Can you reject the null hypothesis? Thus, you.

5 11. In 2001, the U.S. Department of Labor reported the average hourly earnings for U.S. production workers to be $14.32 per hour (The World Almanac 2003). A sample of 42 production workers during 2003 showed a mean of $13.84 per hour and a standard deviation of $2.57 per hour. Can we conclude that an increase occurred in the mean hourly earnings since 2001? State the hypotheses. H0: μ The text statistic equals (use 4 decimal places). Using α = 0.05, the critical value equals (use 3 decimal places). Can you conclude that there has been an increase in the population mean hourly wage of production workers? 12. Annual per capita consumption of milk is 21.6 gallons (Statistical Abstract of the United States: 2006). Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 113 individuals from the Midwestern town of Webster City showed a mean annual consumption of 22.3 gallons and a variance of The hypotheses for this test are H0: μ At 10% significance, the critical value for this test is (to 3 decimals). The value of the test statistic (to 4 decimals). We. 13. The Employment and Training Administration reported the U.S. mean unemployment insurance benefit of $238 per week (The World Almanac 2003). A researcher in the state of Virginia anticipated that sample data would show evidence that the mean weekly unemployment insurance benefit in Virginia was below the national level. The hypotheses for this test are H0: μ A sample of 127 individuals had a mean weekly unemployment insurance benefit of $ and a variance of The test statistic is (to 4 decimal places). At 2.5% significance, the critical value of the test is (to 3 decimal places). What is the conclusion of this test? Thus, we

6 14. Your firm has been hired by Senator Smith to poll likely voters. The following hypothesis test is used to determine support for the Senator. H0: p > 0.5 Ha: p < 0.5 At 10% significance, the critical value for the test statistic is (to 3 decimals). If 50.6% of 141 voters surveyed by your firm support Senator Smith's presidential campaign, the test statistic equals (to 4 decimals). The null hypothesis Thus, we This suggests that If 50.6% of 1721 voters surveyed by your firm support Senator Smith's presidential campaign, the test statistic equals (to 4 decimals). The null hypothesis Thus, we This suggests that Which of the following statements is true: Which of the following statements is true: 15. Your firm has been hired by the Quartz Computer Corporation to determine if a majority of Americans are aware of it its notebook computers. The hypotheses for this test are H0: p Ha: p At 10% significance, the critical value for the test statistic is (to 3 decimals). If 47.6% of 303 consumers surveyed by your firm are aware of it its notebook computers, the test statistic equals (to 4 decimals). Given the results of this test, the null hypothesis Thus, we.

7 16. Suppose the nation's employment-to-population ratio (epr) is 63%. You would like to know if your county's epr is the same as the national epr. The hypotheses for this test are H0: p Ha: p At 10% significance, the critical values for the test statistic are +/- (to 3 decimals). If 63.5% of 437 people in your county's work force are employed, the test statistic equals (to 4 decimals). The null hypothesis Thus, we

3) Confidence interval is an interval estimate of the population mean (µ)

3) Confidence interval is an interval estimate of the population mean (µ) Test 3 Review Math 1342 1) A point estimate of the population mean (µ) is a sample mean. For given set of data, x sample mean = 67.7 Thus, point estimate of population mean ( ) is 67.7 2) A point estimate

More information

Prateek Sangal Senior Economics Major 10/03/03 Testing the Relationship of Education to Income

Prateek Sangal Senior Economics Major 10/03/03 Testing the Relationship of Education to Income Prateek Sangal Senior Economics Major 10/03/03 Testing the Relationship of Education to Income Introduction: The purpose of this study is to test the relationship between Levels of Education and Earnings.

More information

Field Exam January Labor Economics PLEASE WRITE YOUR ANSWERS FOR EACH PART IN A SEPARATE BOOK.

Field Exam January Labor Economics PLEASE WRITE YOUR ANSWERS FOR EACH PART IN A SEPARATE BOOK. University of California, Berkeley Department of Economics Field Exam January 2017 Labor Economics There are three parts of the exam. Please answer all three parts. You should plan to spend about one hour

More information

Sec Two-Way Analysis of Variance. Bluman, Chapter 12 1

Sec Two-Way Analysis of Variance. Bluman, Chapter 12 1 Sec 12.3 Two-Way Analysis of Variance Bluman, Chapter 12 1 12-3 Two-Way Analysis of Variance In doing a study that involves a twoway analysis of variance, the researcher is able to test the effects of

More information

Statistics Summary Exercises

Statistics Summary Exercises 1. A marketing firm wants to determine the typical amount spent during a visit to the grocery store. Each day for one week, they record the amount spent by the first 25 shoppers at a major grocery store.

More information

Section 7-3 Estimating a Population Mean: σ Known

Section 7-3 Estimating a Population Mean: σ Known Section 7-3 Estimating a Population Mean: σ Known Created by Erin Hodgess, Houston, Texas Revised to accompany 10 th Edition, Tom Wegleitner, Centreville, VA Slide 1 Key Concept Use sample data to find

More information

Estimation and Confidence Intervals

Estimation and Confidence Intervals Estimation Estimation a statistical procedure in which a sample statistic is used to estimate the value of an unknown population parameter. Two types of estimation are: Point estimation Interval estimation

More information

Estimation and Confidence Intervals

Estimation and Confidence Intervals Estimation Estimation a statistical procedure in which a sample statistic is used to estimate the value of an unknown population parameter. Two types of estimation are: Point estimation Interval estimation

More information

Estimation and Confidence Intervals

Estimation and Confidence Intervals Estimation Estimation a statistical procedure in which a sample statistic is used to estimate the value of an unknown population parameter. Two types of estimation are: Point estimation Interval estimation

More information

Chapter 3. Accounting for Labor

Chapter 3. Accounting for Labor Chapter 3 Accounting for Labor Learning Objectives LO1 Distinguish between features of hourly rate and piece-rate plans. LO2 Specify procedures for controlling labor costs. LO3 Account for labor costs

More information

Analyze the case using regression analysis. Data for this will be distributed via Blackboard or posted on Web site.

Analyze the case using regression analysis. Data for this will be distributed via Blackboard or posted on Web site. Pilgrim Bank (A) (Individual Assignment) Analyze the case using regression analysis. Data for this will be distributed via Blackboard or posted on Web site. The objectives of this case are a) to introduce

More information

QUANTITATIVE TECHNIQUES SECTION I

QUANTITATIVE TECHNIQUES SECTION I QUANTITATIVE TECHNIQUES SECTION I QUESTION ONE (a) In a recent research survey by Intelligence Consultants on the use of the services of auditing firms by various Non Governmental Organisations (NGOs)

More information

The Fair Labor Standards Act FLSA

The Fair Labor Standards Act FLSA The Fair Labor Standards Act FLSA hrconsulting@jwterrill.com Michelle Perris Human Resources Consultant Carol Emge Human Resources Consultant 1 Overtime updates will extend protections to 4.2 million workers

More information

Vacation Entitlements, Pay and Scheduling

Vacation Entitlements, Pay and Scheduling Policy Vacation Entitlements, Pay and Scheduling Purpose Policy Statement To define where ASC meets and exceeds Labor Standards requirements for vacation entitlements and to outline processes for pay and

More information

Quasi-Fixed Labor Costs and Their Effects on Demand

Quasi-Fixed Labor Costs and Their Effects on Demand CHAPTER 5 Quasi-Fixed Labor Costs and Their Effects on Demand In addition to the questions below, solve the following end of chapter problems: Review questions 1,3-6, 8; Problems 1-3 1. Suppose that workers

More information

Learning Objectives. Understand the different types of compensation. Understand what is strategic compensation planning

Learning Objectives. Understand the different types of compensation. Understand what is strategic compensation planning Ibrahim Sameer Learning Objectives Define compensation Understand the different types of compensation Understand what is strategic compensation planning Understand the factors affecting wage rate Understand

More information

Employee Wage/Title Designator

Employee Wage/Title Designator Employee Wage/Title Designator Purpose This function is for compliance with the 2009 New York State Employment Law requirement for informing hired employees about the hours, earnings, and overtime rates

More information

MAACCE 2014 Annual Conference May 8, Jones Nhinson Williams, BLS Programs Administrator Office of Workforce Information and Performance

MAACCE 2014 Annual Conference May 8, Jones Nhinson Williams, BLS Programs Administrator Office of Workforce Information and Performance MAACCE 2014 Annual Conference May 8, 2014 Jones Nhinson Williams, BLS Programs Administrator Office of Workforce Information and Performance Goal: Assist participants learn and understand how to identify

More information

Research & Planning: Your Source for Labor Market Information

Research & Planning: Your Source for Labor Market Information Research & Planning: Your Source for Labor Market Information Presented to SHRM, Gillette, WY March 12, 2014 Research & Planning Wyoming Department of Workforce Services http://wyominglmi.gov 1 WHAT WE

More information

Exercises on Production Function and Cost Minimization

Exercises on Production Function and Cost Minimization Exercises on Production Function and Cost Minimization 1) Suppose you manage a plant that produces exercise equipment for Crossfit enthusiasts. In your plant you use workers (L) and assembly line machines

More information

How Likely Are the Possible Values of a Statistic? The Sampling Distribution

How Likely Are the Possible Values of a Statistic? The Sampling Distribution Section 6.4 How Likely Are the Possible Values of a Statistic? The Sampling Distribution Agresti/Franklin Statistics, 1e, 1of 21 Parameter and Statistic Parameter: A numerical summary of a population,

More information

PAYROLL ACCOUNTING (125) Secondary

PAYROLL ACCOUNTING (125) Secondary Page 1 of 7 Contestant Number: Time: Rank: PAYROLL ACCOUNTING (125) Secondary REGIONAL 2018 Multiple Choice & Short Answer Section: Multiple Choice (15 @ 2 points each) Short Answer (12 @ 2 points each)

More information

A STUDY ON COMPENSATION BENEFITS IN DAIRY INDUSTRY: WITH REFERENCE TO SELECTED DAIRY UNITS IN ANDHRA PRADESH: A COMPARATIVE STUDY

A STUDY ON COMPENSATION BENEFITS IN DAIRY INDUSTRY: WITH REFERENCE TO SELECTED DAIRY UNITS IN ANDHRA PRADESH: A COMPARATIVE STUDY Journal of Management (JOM) Volume 5, Issue 4, July August 2018, pp. 101 111, Article ID: JOM_05_04_012 Available online at http://www.iaeme.com/jom/issues.asp?jtype=jom&vtype=5&itype=4 Journal Impact

More information

Case: An Increase in the Demand for the Product

Case: An Increase in the Demand for the Product 1 Appendix to Chapter 22 Connecting Product Markets and Labor Markets It should be obvious that what happens in the product market affects what happens in the labor market. The connection is that the seller

More information

THE PATHFINDERS. Marketing Strategies Workforce Studies Site Selection Economic Development EXECUTIVE SUMMARY WORKFORCE CHARACTERIZATION STUDY

THE PATHFINDERS. Marketing Strategies Workforce Studies Site Selection Economic Development EXECUTIVE SUMMARY WORKFORCE CHARACTERIZATION STUDY THE PATHFINDERS Marketing Strategies Workforce Studies Site Selection Economic Development EXECUTIVE SUMMARY WORKFORCE CHARACTERIZATION STUDY Alleghany Highlands, Virginia Area February 2010 The Alleghany

More information

Real Business Cycle Models Chapter 10

Real Business Cycle Models Chapter 10 Real Business Cycle Models Chapter 10 1. Fundamental assumption 2. Causes of business cycles 3. Calibration and data confrontation 4. Successes of RBC models 5. Failures of RBC models 1 Fundamental assumption

More information

1. A research neurologist is testing the effects of a drug on response time

1. A research neurologist is testing the effects of a drug on response time MA 43 WORKSHEET 5 Statistics 1. A research neurologist is testing the effects of a drug on response time by injecting 100 rats with a unit dose of the drug, subjecting each to a neurological stimulus,

More information

Engineering Statistics ECIV 2305 Chapter 8 Inferences on a Population Mean. Section 8.1. Confidence Intervals

Engineering Statistics ECIV 2305 Chapter 8 Inferences on a Population Mean. Section 8.1. Confidence Intervals Engineering Statistics ECIV 2305 Chapter 8 Inferences on a Population Mean Section 8.1 Confidence Intervals Parameter vs. Statistic A parameter is a property of a population or a probability distribution

More information

LO AGENDA Tues 12/1. QOD #37: Work with benefits Wage Determination Monopsony Unions (Effect of Unions wksht) HW: Read pp Q #7,9

LO AGENDA Tues 12/1. QOD #37: Work with benefits Wage Determination Monopsony Unions (Effect of Unions wksht) HW: Read pp Q #7,9 LO1 13-1 AGENDA Tues 12/1 QOD #37: Work with benefits Wage Determination Monopsony Unions (Effect of Unions wksht) HW: Read pp 273-282 Q #7,9 10-2 QOD #37: Work with Benefits Workers are compensated by

More information

PAYROLL ACCOUNTING (125) Secondary

PAYROLL ACCOUNTING (125) Secondary Page 1 of 7 Contestant Number: Time: Rank: PAYROLL ACCOUNTING (125) Secondary REGIONAL 2018 Multiple Choice & Short Answer Section: Multiple Choice (15 @ 2 points each) Short Answer (12 @ 2 points each)

More information

Chapter 4: Foundations for inference. OpenIntro Statistics, 2nd Edition

Chapter 4: Foundations for inference. OpenIntro Statistics, 2nd Edition Chapter 4: Foundations for inference OpenIntro Statistics, 2nd Edition Variability in estimates 1 Variability in estimates Application exercise Sampling distributions - via CLT 2 Confidence intervals 3

More information

WINDOWS, MINITAB, AND INFERENCE

WINDOWS, MINITAB, AND INFERENCE DEPARTMENT OF POLITICAL SCIENCE AND INTERNATIONAL RELATIONS Posc/Uapp 816 WINDOWS, MINITAB, AND INFERENCE I. AGENDA: A. An example with a simple (but) real data set to illustrate 1. Windows 2. The importance

More information

Review Questions. Definitions. Choose the letter that represents the BEST response.

Review Questions. Definitions. Choose the letter that represents the BEST response. Review Questions Choose the letter that represents the BEST response. Definitions 1. The best definition of quasi-fixed costs is a. nonwage labor costs. b. hiring and training costs. c. costs that vary

More information

Job Turnover and Income Mobility

Job Turnover and Income Mobility Job Turnover and Income Mobility Lecture notes Dan Anderberg Royal Holloway College January 2003 1 Introduction ² The income distribution at any one time is a simple snapshot. ² However, individuals position

More information

STATISTICS PART Instructor: Dr. Samir Safi Name:

STATISTICS PART Instructor: Dr. Samir Safi Name: STATISTICS PART Instructor: Dr. Samir Safi Name: ID Number: Question #1: (20 Points) For each of the situations described below, state the sample(s) type the statistical technique that you believe is the

More information

Soup of the Day. HR Alphabet FLSA ACA IRS DOL

Soup of the Day. HR Alphabet FLSA ACA IRS DOL DOL IRS ACA Oh My Soup of the Day HR Alphabet ACA FLSA IRS DOL This presentation is intended to provide a summary of information and resources available from Department of Labor, Internal Revenue Service

More information

Quantitative Methods

Quantitative Methods THE ASSOCIATION OF BUSINESS EXECUTIVES DIPLOMA PART 2 QM Quantitative Methods afternoon 4 June 2003 1 Time allowed: 3 hours. 2 Answer any FOUR questions. 3 All questions carry 25 marks. Marks for subdivisions

More information

SOUTH EASTERN KENYA UNIVERSITY

SOUTH EASTERN KENYA UNIVERSITY SOUTH EASTERN KENYA UNIVERSITY UNIVERSITY EXAMINATIONS 2016/2017 FIRST SEMESTER EXAMINATION FOR THE BACHELOR OF ECONOMICS, BACHELOR OF ECONOMICS AND STATISTICS AND BACHELOR OF EDUCATION XEQ 208: ECONOMIC

More information

Who Earns $15 in St Paul?

Who Earns $15 in St Paul? The St Paul Minimum Wage Study Committee Supplement 06--08-A Who Earns $ in St Paul? Committee Question Supplement SHORT ANSWER: In the City of St Paul, 3 percent of workers earn $ an hour or less, with

More information

80 = 300 ± 1.96(10) = 300 ±

80 = 300 ± 1.96(10) = 300 ± SOLUTIONS: STATISTICAL INFERENCE One-Sample Z-test and Two-sided Confidence Interval Estimators Using Z PROBLEM 1: A company wishes to determine if the average salary of its clerks is really $340. The

More information

Instructions for Case Manager Survey

Instructions for Case Manager Survey WYOMING DEPARTMENT OF HEALTH BEHAVIORAL HEALTH DIVISION Case Management Cost and Wage Survey Anticipated release date: September 5, 2017 Due date: October 10, 2017 Comprehensive, Supports and Acquired

More information

Supplemental Survey Report More Manufacturers Looking to Add Staff, Struggling to Find Qualified Workers

Supplemental Survey Report More Manufacturers Looking to Add Staff, Struggling to Find Qualified Workers / Supplemental Survey Report More Manufacturers Looking to Add Staff, Struggling to Find Qualified Workers Supplementary questions in the Empire State Manufacturing Survey and focused on expected changes

More information

Compensating Wage Differentials

Compensating Wage Differentials Compensating Wage Differentials Rongsheng Tang Washington U. in St. Louis July, 2016 Rongsheng Tang (Washington U. in St. Louis) Compensating Wage Differentials July, 2016 1 / 31 Overview The market for

More information

NYSDOL Proposed Rule Regarding Employee Scheduling for Call-In Pay

NYSDOL Proposed Rule Regarding Employee Scheduling for Call-In Pay 121 State Street Albany, New York 12207-1693 Tel: 518-436-0751 Fax: 518-436-4751 TO: Memo Distribution List LeadingAge New York FROM: RE: Hinman Straub P.C. NYSDOL Proposed Rule Regarding Employee Scheduling

More information

WAGE AND HOUR COVERAGE ENHANCEMENT SUPPLEMENTAL APPLICATION

WAGE AND HOUR COVERAGE ENHANCEMENT SUPPLEMENTAL APPLICATION WAGE AND HOUR COVERAGE ENHANCEMENT SUPPLEMENTAL APPLICATION Applicant Name I. INCREASED MINIMUM SALARY QUESTIONS With regard to the Department of Labor s increased minimum salary threshold for employees

More information

Critical Factors that have Positive Impact on Competitiveness

Critical Factors that have Positive Impact on Competitiveness Critical Factors that have Positive Impact on Competitiveness Lower cost of inputs 20.6% Improved product and process innovation 18.6% More efficient labor market including labor laws & regulations 10.8%

More information

Virginia Workforce Connection

Virginia Workforce Connection Virginia Workforce Connection Labor Market Information Presented by: Jeremy Deyo Database Administrator 2 LMI Home Easy access to the following: Labor Market Data Publications Resource Library Slide Shows

More information

How to Use Excel for Regression Analysis MtRoyal Version 2016RevA *

How to Use Excel for Regression Analysis MtRoyal Version 2016RevA * OpenStax-CNX module: m63578 1 How to Use Excel for Regression Analysis MtRoyal Version 2016RevA * Lyryx Learning Based on How to Use Excel for Regression Analysis BSTA 200 Humber College Version 2016RevA

More information

Commission Pay Plans & Minimum Compensation Entitlement

Commission Pay Plans & Minimum Compensation Entitlement PHONE: 780-427-3731 Commission Pay Plans & Minimum Compensation Entitlement October 2017 Part 2 of the Employment Standards Regulation (Regulation) makes provision for basic minimum wage. This applies

More information

Chapter 5: Variable pay or straight salary

Chapter 5: Variable pay or straight salary Chapter 5: Variable pay or straight salary University Professors get a straight salary which is not even based on age (may be considered high or low, depending on your point of view). Should we introduce

More information

Statistics 201 Summary of Tools and Techniques

Statistics 201 Summary of Tools and Techniques Statistics 201 Summary of Tools and Techniques This document summarizes the many tools and techniques that you will be exposed to in STAT 201. The details of how to do these procedures is intentionally

More information

Angelo State University Operating Policy and Procedure

Angelo State University Operating Policy and Procedure Angelo State University Operating Policy and Procedure OP 52.31: Multiple State Employment and Other Outside Employment DATE: January 23, 2017 PURPOSE: REVIEW: The purpose of this OP is to establish policy

More information

CHAPTER 10 REGRESSION AND CORRELATION

CHAPTER 10 REGRESSION AND CORRELATION CHAPTER 10 REGRESSION AND CORRELATION SIMPLE LINEAR REGRESSION: TWO VARIABLES (SECTIONS 10.1 10.3 OF UNDERSTANDABLE STATISTICS) Chapter 10 of Understandable Statistics introduces linear regression. The

More information

Gender Pay Gap Reporting. Reporting for April 2017

Gender Pay Gap Reporting. Reporting for April 2017 Gender Pay Gap Reporting Reporting for April 2017 Our Commitment Teaching Personnel is an equal opportunities employer, working with nearly 6,000 teachers, teaching assistants and internal staff across

More information

Hot Topics in Employment Law for Nonprofits

Hot Topics in Employment Law for Nonprofits Hot Topics in Employment Law for Nonprofits David Heinen Connect Learn Advocate Important Disclaimers If you can read this fine print, you are sitting too close to your screen! 1 Initial question: Are

More information

Day 1: Confidence Intervals, Center and Spread (CLT, Variability of Sample Mean) Day 2: Regression, Regression Inference, Classification

Day 1: Confidence Intervals, Center and Spread (CLT, Variability of Sample Mean) Day 2: Regression, Regression Inference, Classification Data 8, Final Review Review schedule: - Day 1: Confidence Intervals, Center and Spread (CLT, Variability of Sample Mean) Day 2: Regression, Regression Inference, Classification Your friendly reviewers

More information

HRCI & SHRM. Program numbers sent to you via upon program completion.!

HRCI & SHRM. Program numbers sent to you via  upon program completion.! HRCI & SHRM APPROVED WEBINAR Program numbers sent to you via email upon program completion. 3 THANKS TO OUR SPONSOR 4 OUR SPEAKERS Jessica Miller-Merrell @jmillermerrell Casey Sipe @clsemployerlaw Mike

More information

U.S. DOL s Proposed Changes to the Overtime Regulations:

U.S. DOL s Proposed Changes to the Overtime Regulations: U.S. DOL s Proposed Changes to the Overtime Regulations: What to Expect and What They Mean for Employers Webinar with Foley Hoag Partners Robert A. Fisher Jonathan A. Keselenko About Foley Hoag LLP 250

More information

Finding federal government data on the number of workers in your state, by industry, and your state s average weekly wage.

Finding federal government data on the number of workers in your state, by industry, and your state s average weekly wage. Finding federal government data on the number of workers in your state, by industry, and your state s average weekly wage. February 2010 This guide provides step-by-step instructions for extracting data

More information

The Affects of Economic Forces on Motor Carrier Safety: Labor economics and fatigue

The Affects of Economic Forces on Motor Carrier Safety: Labor economics and fatigue The Affects of Economic Forces on Motor Carrier Safety: Labor economics and fatigue Fatigue in Transit Operations Transportation Research Board Washington, DC October 12, 2010 Michael H. Belzer, Ph.D.

More information

SENATE, No. 635 STATE OF NEW JERSEY. 218th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION

SENATE, No. 635 STATE OF NEW JERSEY. 218th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION SENATE, No. STATE OF NEW JERSEY th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 0 SESSION Sponsored by: Senator ROBERT M. GORDON District (Bergen and Passaic) SYNOPSIS Limits certain provisions in and

More information

Ohio s RUMA Project Prevailing Wage Requirements

Ohio s RUMA Project Prevailing Wage Requirements Ohio s RUMA Project Prevailing Wage Requirements ACT Ohio 222 E. Town St., Columbus, OH 43215 www.actohio.org 614-228-5446 info@actohio.org Prevailing Wage FAQs What is Prevailing Wage? Prevailing wage

More information

Pay Raises or Pay Overtime: The New DOL Salary Level Test

Pay Raises or Pay Overtime: The New DOL Salary Level Test Pay Raises or Pay Overtime: The New DOL Salary Level Test Thomas W. Scroggins Rosen Harwood, P.A. Bank of Tuscaloosa Plaza Suite 200 Tuscaloosa, Alabama 35403 3206 Telephone (205) 344 5000 tscroggins@rosenharwood.com

More information

Cyborg Training for Payroll Adjustments. Keying Time Entry in Cyborg

Cyborg Training for Payroll Adjustments. Keying Time Entry in Cyborg Cyborg Training for Payroll Adjustments Keying Time Entry in Cyborg Payroll adjustments are entered in Cyborg on the TC1SCR. What is the TC1SCR? The TC1SCR is the Time Entry Format 1 Screen in Cyborg that

More information

Compensating Wage Differentials

Compensating Wage Differentials Compensating Wage Differentials In the model of competitive labor markets, there will be a single wage in the economy if all jobs are alike and all workers are alike in terms of productivity. However,

More information

Survey Instructions. Your Username and Password are included on your invitation for participation.

Survey Instructions. Your Username and Password are included on your invitation for participation. Survey Instructions Logging In: Your Username and Password are included on your invitation for participation. After accessing the survey platform, you will be given the option of personalizing your password.

More information

Testing Hypotheses. (Exercises)

Testing Hypotheses. (Exercises) Chapter III Testing Hypotheses (Exercises) 3. 1. A tire manufacturer claims that his tires will last no less than an average of 50000 km before they need to be replaced. A consumer group wishes to challenge

More information

FLSA Exemption Test Worksheet

FLSA Exemption Test Worksheet FLSA Exemption Test Worksheet Executive, Administrative, Computer, and Professional Exemption Tests Federal law provides that certain employees may be exempt from the overtime wage provisions of the Fair

More information

Project 2 - β-endorphin Levels as a Response to Stress: Statistical Power

Project 2 - β-endorphin Levels as a Response to Stress: Statistical Power Score: Name: Due Wednesday, April 10th in class. β-endorphins are neurotransmitters whose activity has been linked to the reduction of pain in the body. Elite runners often report a runners high during

More information

Managers require good forecasts of future events. Business Analysts may choose from a wide range of forecasting techniques to support decision making.

Managers require good forecasts of future events. Business Analysts may choose from a wide range of forecasting techniques to support decision making. Managers require good forecasts of future events. Business Analysts may choose from a wide range of forecasting techniques to support decision making. Three major categories of forecasting approaches:

More information

Classifying and accounting for Labour costs

Classifying and accounting for Labour costs Intro to Labour Costs Remuneration methods Incentive schemes and productivity Labour turnover Classifying and accounting for Labour costs 1 Critical cost in all organisations Need to make employee investments

More information

Overtime Compensation

Overtime Compensation Published on MTAS (http://www.mtas.tennessee.edu) April 07, 2019 Overtime Compensation Dear Reader: The following document was created from the MTAS website (mtas.tennessee.edu). This website is maintained

More information

Quickpay. Holiday Processing. Payment Setup

Quickpay. Holiday Processing. Payment Setup Holiday Processing Before processing holidays in Quickpay the company payments need to be set up correctly. The holiday pay an employee receives can be set up in two ways:- 1. Automatic Holiday Pay: Let

More information

Salary Determinants for Higher Institutions of Learning in Kenya

Salary Determinants for Higher Institutions of Learning in Kenya Salary Determinants for Higher Institutions of Learning in Kenya Bernard Muturi The Catholic University of Eastern Africa, Kenya Email: bmuturi@cuea.edu Philip Ngare University of Nairobi, Kenya Email:

More information

POLICY 6 OVERTIME. University Policy

POLICY 6 OVERTIME. University Policy University Policy The University may require employees to work overtime. Overtime work shall be limited to unusual, essential, or emergency situations and, insofar as practicable, shall be fairly distributed.

More information

ECO361: LABOR ECONOMICS FINAL EXAMINATION DECEMBER 17, Prof. Bill Even DIRECTIONS.

ECO361: LABOR ECONOMICS FINAL EXAMINATION DECEMBER 17, Prof. Bill Even DIRECTIONS. ECO361: LABOR ECONOMICS FINAL EXAMINATION DECEMBER 17, 2009 Prof. Bill Even DIRECTIONS. The exam contains a mix of short answer and essay questions. Your answers to the 15 short answer portion of the exam

More information

Exam #1 Time: 1h 15m Date: February Instructor: Brian B. Young. Multiple Choice. 2 points each

Exam #1 Time: 1h 15m Date: February Instructor: Brian B. Young. Multiple Choice. 2 points each Economics 211 Macroeconomic Principles Exam #1 Time: 1h 15m Date: 19 21 February 2013 Name The value of this exam is 100 points plus 10 points for the Bonus Question. Instructor: Brian B. Young Please

More information

Labor, Employment and Wages. Chapter 9

Labor, Employment and Wages. Chapter 9 Labor, Employment and Wages Chapter 9 The Unit 3 Test Thursday for periods 2 and 4; Friday for period 7 Chapters 7-9 and 16 (100 points possible) 60 multiple choice and 4 short answer questions Approximately

More information

Economics E201 (Professor Self) Sample Questions for Exam Two, Fall 2013

Economics E201 (Professor Self) Sample Questions for Exam Two, Fall 2013 , Fall 2013 Your exam will have two parts covering the topics in chapters 4 (page 91 through end of chapter), 5 and 6 from the Parkin chapters and chapter 10 (up to page 317, up to but not including the

More information

EXAMINATION 1 VERSION A "Labor Supply and Demand" February 27, 2018

EXAMINATION 1 VERSION A Labor Supply and Demand February 27, 2018 William M. Boal Signature: Printed name: EXAMINATION 1 VERSION A "Labor Supply and Demand" February 27, 2018 INSTRUCTIONS: This exam is closed-book, closed-notes. Simple calculators are permitted, but

More information

Chapter 9. Compensation (Core Compensation) Copyright 2016 Pearson Education, Inc. 9-1

Chapter 9. Compensation (Core Compensation) Copyright 2016 Pearson Education, Inc. 9-1 Chapter 9 Direct Financial Compensation (Core Compensation) Copyright 2016 Pearson Education, Inc. 9-1 Total Compensation Components Copyright 2016 Pearson Education, Inc. 9-2 Direct Financial Compensation

More information

13-5 The Kruskal-Wallis Test

13-5 The Kruskal-Wallis Test 13-5 The Kruskal-Wallis Test luman, hapter 13 1 1 13-5 The Kruskal-Wallis Test The NOV uses the F test to compare the means of three or more populations. The assumptions for the NOV test are that the populations

More information

THE NEW OVERTIME REGULATIONS HOPE EASTMAN JIM HAMMERSCHMIDT JESSICA SUMMERS

THE NEW OVERTIME REGULATIONS HOPE EASTMAN JIM HAMMERSCHMIDT JESSICA SUMMERS THE NEW OVERTIME REGULATIONS HOPE EASTMAN JIM HAMMERSCHMIDT JESSICA SUMMERS JUNE 10, 2016 PRESENTATION OVERVIEW 2 History of the New Regulations Overview of the FLSA and the Impacted Rules What is (and

More information

6.2: PAY PERIODS AND HOURLY RATES OBJECTIVES

6.2: PAY PERIODS AND HOURLY RATES OBJECTIVES 6 Chapter EMPLOYMENT BASICS 6.2 6.3 Commissions, Royalties, and Piecework Pay 6.4 Employee Benefits 6.5 Social Security and Medicare Section 6.2: PAY PERIODS AND HOURLY RATES OBJECTIVES Compute weekly,

More information

Labour cost index in the private sector Instructions for responding

Labour cost index in the private sector Instructions for responding Labour cost index in the private sector Instructions for responding Service industries Dear data recipient, The statistical data are returned through the electronic data collection system, which can be

More information

Mid Year Trending HR Topics for 2016

Mid Year Trending HR Topics for 2016 Mid Year Trending HR Topics for 2016 The Executive's Roadmap to Best-in-Class HR Strategy 2015 TriNet Group, Inc. All rights reserved. Reproduction or distribution in whole or part without express written

More information

Small Samples about Mean

Small Samples about Mean Part IV: Hypothesis Testing Large Samples about Mean Case 1. Average life of Die Long batteries is different 60 months. A sample of 64 batteries had an average life of 62 months and st. dev. of months.

More information

THE EAST CENTRAL INDIANA SOUTHWESTERN REGION LABOR AVAILABILITY REPORT

THE EAST CENTRAL INDIANA SOUTHWESTERN REGION LABOR AVAILABILITY REPORT THE EAST CENTRAL INDIANA SOUTHWESTERN REGION LABOR AVAILABILITY REPORT May, 2017 Compiled and Prepared by THE PATHFINDERS www.thepathfindersus.com TABLE OF CONTENTS I. INTRODUCTION...1 II. KEY FINDINGS...2

More information

16 What Effect Does Changing the Minimum Wage Have on Employment?

16 What Effect Does Changing the Minimum Wage Have on Employment? 16 What Effect Does Changing the Minimum Wage Have on Employment? Introduction Many people advocate raising the minimum wage as a means of raising the standard of living of many of the poor. (The term

More information

OVERTIME OVERHAUL THE FINAL RULES ARE FINALLY HERE. Dena H. Sokolow Tallahassee, FL Twitter: FL_employ_law

OVERTIME OVERHAUL THE FINAL RULES ARE FINALLY HERE. Dena H. Sokolow Tallahassee, FL Twitter: FL_employ_law OVERTIME OVERHAUL THE FINAL RULES ARE FINALLY HERE Dena H. Sokolow dsokolow@bakerdonelson.com Tallahassee, FL 850-425-7550 Twitter: FL_employ_law OVERTIME THE FUNDAMENTALS 2 FLSA WAGE & HOUR LAW The Fair

More information

GTAC Mine Public Opinion Survey

GTAC Mine Public Opinion Survey GTAC Mine Public Opinion Survey Aleksei Bogdanov and Zamira Simkins, Ph.D. University of Wisconsin-Superior A GTAC company proposed to develop an iron ore mine along the Penokee Range in Ashland and Iron

More information

PAYROLL ACCOUNTING (125)

PAYROLL ACCOUNTING (125) Page 1 of 7 PAYROLL ACCOUNTING (125) Secondary REGIONAL 2014 Contestant Number: Time: Rank: Multiple Choice & Short Answer: Multiple Choice (15 @ 2 points each) Short Answers (24 @ 2 points each) (30 points)

More information

RETAIL TRADE Workforce Demographics

RETAIL TRADE Workforce Demographics RETAIL TRADE Workforce Demographics Maryland Department of Labor, Licensing and Regulation Division of Workforce Development Office of Workforce Information and Performance 1100 N. Eutaw Street, Room 316

More information

FAIR LABOR ASSOCIATION INDEPENDENT EXTERNAL MONITORING REPORT

FAIR LABOR ASSOCIATION INDEPENDENT EXTERNAL MONITORING REPORT [Type text] 2009 FAIR LABOR ASSOCIATION INDEPENDENT EXTERNAL MONITORING REPORT COMPANY: H&M Hennes & Mauritz AB COUNTRY: Turkey FACTORY CODE: 440076132H MONITOR: Aydin Oruc AUDIT DATE: September 24, 2009

More information

Type of Pay Hours Rate Amount. Regular Pay 40 $8.00 per hour = $ $12.00 per hour. Gross Pay $368.00

Type of Pay Hours Rate Amount. Regular Pay 40 $8.00 per hour = $ $12.00 per hour. Gross Pay $368.00 Chapter 6 Understanding Pay and Benefits Gross Pay, Deductions, and Net Pay Gross pay is the amount you earn before any deductions are subtracted. Amounts subtracted from your gross pay are called. When

More information

Hiring independent contractors

Hiring independent contractors Hiring independent contractors As a company grows and the demand for its products increases, business owner(s) are faced with the challenge of how to increase resources effectively. Though this may appear

More information

155S9.4_3 Inferences from Dependent Samples. April 11, Key Concept. Chapter 9 Inferences from Two Samples. Key Concept

155S9.4_3 Inferences from Dependent Samples. April 11, Key Concept. Chapter 9 Inferences from Two Samples. Key Concept MAT 155 Statistical Analysis Dr. Claude Moore Cape Fear Community College Chapter 9 Inferences from Two Samples 9 1 Review and Preview 9 2 Inferences About Two Proportions 9 3 Inferences About Two Means:

More information

Fair Labor Standards Act Part 541 Overtime Final Rule

Fair Labor Standards Act Part 541 Overtime Final Rule Fair Labor Standards Act Part 541 Overtime Final Rule Presented by: Ivan L. Schraeder Lowenbaum Law 222 South Central Avenue, Suite 900 St. Louis, Missouri 63105 314.746.4823 telephone 314.746.4848 facsimile

More information

DO NOT OPEN THIS BOOKLET OR TURN IT OVER [until told to do so]

DO NOT OPEN THIS BOOKLET OR TURN IT OVER [until told to do so] (last, first): ON YOUR QUESTION BOOKLET: ON YOUR SCANTRON: 5 points DURING THE EXAM: MUST DO NOT OPEN THIS BOOKLET OR TURN IT OVER [until told to do so] p. 1 v. 09 Figure SSD. The graph below describes

More information