The average salary of North Carolina is reported to be $50,781. After completing a survey of 120 North Carolinians, you find that the sample shows a mean of $51,203 wita a standard deviation of $2,409. With a significance level of 0.01, conduct a hypothesis test to test the claim that the average salary of all North Carolinians is greater than $50,781. (Be sure to show all steps of the hypothesis test)

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.