This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The average starting salary of students who graduated from colleges of Business in 2009 was $48,400. ... (Read 76 times)

heyheyhey

  • Full Member
  • ***
  • Posts: 142
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by heyheyhey on Mar 25, 2023

avelasquez

  • Full Member
  • ***
  • Posts: 168
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.
Answer Preview
Only 29% of students answer this correctly


heyheyhey

  • Member
  • Posts: 142
Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
A Tough Economy ...for students A Tough Economy ...for students
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
How to find the average atomic mass of an element How to find the average atomic mass of an element
Average household size Average household size
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library