Answer:
Their welders earn $50,000 annually.
Step-by-step explanation:
Given : [tex]\mu = 50,000[/tex]
[tex]\sigma = 2000[/tex]
n = 100
[tex]\bar{x}=50350[/tex]
To Find : The ship building association wishes to find out whether their welders earn more or less than $50,000 annually.
Solution :
[tex]H_0:\mu = 50000\\H_a: \mu \neq 50000[/tex]
n = 100
Since n > 30
So we will use z test
[tex]z= \frac{x-\mu}{\frac{\sigma}{\sqrt{n}}}[/tex]
Substitute the values
[tex]z= \frac{50350-50000}{\frac{2000}{\sqrt{100}}}[/tex]
[tex]z=1.75[/tex]
Refer the z table for p value
p value = 0.9599
α= 0.05
Since p value > α
So we accept the null hypothesis .
Hence their welders earn $50,000 annually.