Data provided by the National Association of College Employers indicated that the average starting salary for graduates with a Bachelors Degree in Accounting was $37,000 in 2008. In June 2010 a sample of 48 graduating accounting majors provided a sample average starting salary of $38,100, with a sample standard deviation of $5200. Conduct a hypothesis test to determine if it can be assumed that accounting graduates in 2010 had higher average salaries than graduates in 2008, using α = .05.

Data provided by the National Association of College Employers indicated that the average starting salary for graduates with a Bachelors Degree in Accounting was $37,000 in 2008. In June 2010 a sample of 48 graduating accounting majors provided a sample average starting salary of $38,100, with a sample standard deviation of $5200. Conduct a hypothesis test to determine if it can be assumed that accounting graduates in 2010 had higher average salaries than graduates in 2008, using α = .05.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A report states that the mean yearly salary offer for students graduating with a degree in accounting is $48,722. Suppose that a random sample of 50 accounting graduates ata large university who received job offers resulted in a mean offer of $49.870 and a standard deviation of $3900, Do the sample data provide strong support for the claim that the mean salary offer for accounting graduates of this university is higher than the national average of $48,722? Ho: = H: p Select an answerY (Put in the correct syimbol and value) P value Based on the above we choose to Select an answer
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