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Author Question: The average starting salary of students who graduated from colleges of Business in 2009 was $48,400. ... (Read 15 times)

heyheyhey

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on: Mar 25, 2023

The average starting salary of students who graduated from colleges of Business in 2009 was $48,400.  A sample of 100 graduates of 2010 showed an average starting salary of $50,000.  Assume the standard deviation of the population is known to be $8,000.  We want to determine whether or not there has been a significant increase in the starting salaries.

a.

State the null and alternative hypotheses to be tested.
b.Compute the test statistic.
c.The null hypothesis is to be tested at 95% confidence.  Determine the critical value for this test.
d.What do you conclude?
e.Compute the p-value.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by heyheyhey on Mar 25, 2023

avelasquez

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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heyheyhey

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Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
:D TYSM

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