The average salary for American college graduates is $46, 300. You suspect that the average is different for graduates from your college. The 66 randomly selected graduates from your college had an average salary of $46,044 and a standard deviation of $5,590. What can be concluded at the a = 0.01 level of significance?

The average salary for American college graduates is $46, 300. You suspect that the average is different for graduates from your college. The 66 randomly selected graduates from your college had an average salary of $46,044 and a standard deviation of $5,590. What can be concluded at the a = 0.01 level of significance?

Name: The average salary for American college graduates is $46,300. You sus
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: The average salary for American college graduates is $46,300. You suspect that the average is different forgraduates from your college. The 66 randomly selected graduates from your college had an average salaryof $46,044 and a standard deviation of

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The average chef at a restaurant earns $17 an hour with a deviation of $1.75. What are the chances that someone is earning more than $20 an hour?
The average McDonald's restaurant generates $3 million in sales each year with a standard deviation of 0.4. Russell wants to know if the average sales generated by McDonald's restaurants in Nebraska is different than the worldwide average. He surveys 26 restaurants in Nebraska and finds the following data (in millions of dollars):3.3, 3.2, 3.5, 3.3, 3.3, 3.4, 2.8, 3.5, 3.4, 2.5, 2.5, 3.6, 2.9, 2.9, 2.9, 3.5, 3.4, 2.7, 2.2, 2.5, 3.5, 3.6, 3.5, 3.7, 3.6, 2.8Perform a hypothesis test using a 10% level of significance.Step 1: State the null and alternative hypotheses.H0:(p or u)(<,> #)? Ha: p or u)(<,> #)? (So we will be performing a left or right or 2 tail test.)?Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem.By the Central Limit Theorem, we know that the point estimates are normal distributed or t distributed ? with distribution mean ? and distribution…
According to the U.S. Census, the average adult woman is the United States is 65 inches tall and the standard deviation is 3 inches. If Zsike is 67 inches tall, what is her z-score?
The average McDonald's restaurant generates $3.6 million in sales each year with a standard deviation of 0.9. Trent wants to know if the average sales generated by McDonald's restaurants in Kentucky is different than the worldwide average. He surveys 27 restaurants in Kentucky and finds the following data (in millions of dollars): 4.1, 2.8, 4.4, 4.5, 5.3, 5, 3.7, 2.9, 3.8, 4.8, 3.6, 2.3, 3.7, 2.9, 2.9, 4, 1.1, 5.2, 2.9, 5, 4, 4, 5.9, 3.2, 2.2, 4.3, 3.8 Perform a hypothesis test using a 3% level of significance. Step 1: State the null and alternative hypotheses. Ho: [? v] ? v На: ? ? v (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer v with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v = P( ? ♥ ?…
Choose the correct option and explain.
The results of a common standardized test used in psychology research is designed so that the population mean is 175 and the standard deviation is 10. A subject earns a score of 183. What is the z-score for this raw score?
Please see the picture below. None of the answers I've tried is coming back right. I just need help with the items in the red boxes.
Russell is doing some research before buying his first house. He is looking at two different areas of the city, and he wants to know if there is a significant difference between the mean prices of homes in the two areas. For the 39 homes he samples in the first area, the mean home price is $⁢176,400. Public records indicate that home prices in the first area have a population standard deviation of $⁢32,930. For the 32 homes he samples in the second area, the mean home price is $⁢181,500. Again, public records show that home prices in the second area have a population standard deviation of $⁢23,835. Let Population 1 be homes in the first area and Population 2 be homes in the second area. Construct a 95% confidence interval for the true difference between the mean home prices in the two areas. Round the endpoints of the interval to the nearest whole number, if necessary. Lowest Endpoint = upper Endpoint=
The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population standard deviation is known to be $6.10. The manager would like to determine whether or not the mean sales by all customers are significantly more than $50. What is the p-value for the test?
The mean annual incomes of certified welders are normally distributed with the mean of $50,000. The ship building association wishes to find out whether their welders earn more or less than $50,000 annually. A study conducted using 100 certified welders showed that their annual income is $50,250 with a sample standard deviation of $1050. What is the test statistic for this test? a. 2.381 b. 1.673 c. 1.367 d. 2.869
An instructor claims that the average number of hours needed to study for a final exam in order to pass should be 5 hours. A student believes that the instructor is understating the number of hours needed to pass and surveys 36 students and finds the sample mean and standard deviation to be 5.7 and 1.5 hours respectively. Test the instructors claim at a .10 level.
The college physical education department offered an advanced first aid course last summer. The scores on the comprehensive final exam were normally distributed, and the z-scores for some of the students are shown below. Robert 1.05 Juan 1.51 Haley −1.95 Joel 0.00 Jan −0.67 Linda 1.57 (a) If the mean score was ? = 151 with standard deviation ? = 16, what was the final exam score for each student?