The average salary for American college graduates is $43,900. You suspect that the average is different for graduates from your college. The 65 randomly selected graduates from your college had an average salary of $43,580 and a standard deviation of $6,730. What can be concluded at thee a = 0.05 level of significance? a. For this study, b. The null and alternative hypotheses would be: we should use t-test for a population mean Но: H1 c. The test statistic t 4 = (please show your answer to 3 decimal places.) d. The p-value e. The p-value is f. Based on this, we should fail to reject g. Thus, the final conclusion is that ... (Please show your answer to 4 decimal places.) X the null hypothesis

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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The average salary for American college graduates is $43,900. You suspect that the average is different for graduates
from your college. The 65 randomly selected graduates from your college had an average salary of $43,580 and a
standard deviation of $6,730. What can be concluded at thee a =
0.05 level of significance?
a. For this study,
b. The null and alternative hypotheses would be:
we should use
t-test for a population mean
Но:
H1
c. The test statistic t 4 =
(please show your answer to 3 decimal places.)
d. The p-value
e. The p-value is
f. Based on this, we should fail to reject
g. Thus, the final conclusion is that ...
(Please show your answer to 4 decimal places.)
X
the null hypothesis
Transcribed Image Text:The average salary for American college graduates is $43,900. You suspect that the average is different for graduates from your college. The 65 randomly selected graduates from your college had an average salary of $43,580 and a standard deviation of $6,730. What can be concluded at thee a = 0.05 level of significance? a. For this study, b. The null and alternative hypotheses would be: we should use t-test for a population mean Но: H1 c. The test statistic t 4 = (please show your answer to 3 decimal places.) d. The p-value e. The p-value is f. Based on this, we should fail to reject g. Thus, the final conclusion is that ... (Please show your answer to 4 decimal places.) X the null hypothesis
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