A business department is trying to determine if their program iscompetitive. They survey recent graduates from their program andcompare their recent grads' starting salary to the national average ofrecent graduates ($48,000 a year).One-Sample StatisticsStd.Std. ErrorMeanDeviationMeanIIncom 8450,633.333 8,314.7474 1,100.3179e4One-Sample TestTest Value = 48,000%3D95% ConfidenceInterval of theMeanDifferenceSig. (2-tailed)DifferencdfLowerUppereIncom 2.144 83.0412,633.33 270.923 6,555.74e3339.28a) What are the results of this analysis? Write an APA-stylestatement describing these data as though it were a researchreport.b) Do you think these results are practically significant? Why orwhy not?1,537 words<>3.

Answered: A business department is trying to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A business department is trying to determine if their program is competitive. They survey recent graduates from their program and compare their recent grads' starting salary to the national average of recent graduates ($48,000 a year).