Mathematics, 11.12.2019 04:31 MickeyAppleX
The dean of a business school claims that the average starting salary of its graduates is more than 85 (in $000’s). it is known that the population standard deviation is 10 (in $000’s). sample data on the starting salaries of 64 randomly selected recent graduates yielded a mean of 88 (in $000s).
a) what is the null hypothesis
b) what is the critical value for the rejection region if the level of significance is 5%?
c) what is the value of your test statistic
d) what is your decision
Answers: 2
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The dean of a business school claims that the average starting salary of its graduates is more than...
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