Advanced Hypothesis Testing

We will identify the feasibility of hiring temporary employees as opposed to working current employees into overtime at Proctor & Gamble (P&G). For example, P&G employees earn an average of $25 dollars per hour and are entitled to many benefits like medical, dental, vision, and various employee assistance benefits. By hiring temporary employees, P&G circumvent the need for benefits to that group of people. P&…

…the critical values fall within range. Descriptive Statistics: Wages/hr Variable N N* Mean SE Mean StDev Minimum Q1 Median Q3 Wages/hr 35 1 13.471 0.265 1.567 10.500 12.500 13.500 15.000 Variable Maximum Wages/hr 17.000 One-Sample Z: Wages/hr The assumed standard deviation = 1.567 95% Upper Variable N Mean StDev SE Mean Bound Wages/hr 35 13.4714 1.5669 0.2649 13.9071 One-Sample T 95% Upper N Mean StDev SE Mean Bound 35 13.4710 1.5670 0.2649 13.9189 Reference Proctor & Gamble. Retrieved March 23, 2006 from: http://www.pg.com/en_US/index.jhtml <Tab/>