According to the Office of Personnel Management (www.OPM.gov), in 2015 the average hourly wage rate for federal employees was slightly higher than $43. The file titled Paychecks contains a random sample of the hourly amounts paid to state and local government workers. Required Tasks: (A) Generate the margin of error for estimating the average hourly amounts paid to state and local government workers with a 98% confidence level. (B) Determine the sample size required to produce a margin of error equal to 1.40 with a confidence level of 99%. Assume the population standard deviation equals 6.22. (C) Does it appear that state and local government workers have a lower average hourly compensation than federal workers? Support your opinion.

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Your Question:

According to the Office of Personnel Management (www.OPM.gov), in 2015 the average hourly wage rate for federal employees was slightly higher than $43. The file titled Paychecks contains a random sample of the hourly amounts paid to state and local government workers.

Required Tasks:

(A) Generate the margin of error for estimating the average hourly amounts paid to state and local government workers with a 98% confidence level.

(B) Determine the sample size required to produce a margin of error equal to 1.40 with a confidence level of 99%. Assume the population standard deviation equals 6.22.

(C) Does it appear that state and local government workers have a lower average hourly compensation than federal workers? Support your opinion.

 

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