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You may need to use the appropriate technology to answer this question. Suppose Michigan State University's Collegiate Employment Institute found that starting salaries for recipients of bachelor's degrees in business was $50,032 in 2017. The results for a sample of 100 business majors receiving a bachelor's degree in 2018 showed a mean starting salary of $51,286 with a sample standard deviation of $5,200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2018 is greater than the mean starting salary in 2017. Use a = 0.01 as the level of significance. State the null and alternative hypotheses. (Enter ! for z as needed.) Ho Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Reject Hg. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject Hg. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject Hg. There is insufficient evidence conclude that the mean starting salary for business majors has increased in 2018. • Reject H. There is insufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. Need Heln? Bead

You may need to use the appropriate technology to answer this question. Suppose Michigan State University's Collegiate Employment Institute found that starting salaries for recipients of bachelor's degrees in business was $50,032 in 2017. The results for a sample of 100 business majors receiving a bachelor's degree in 2018 showed a mean starting salary of $51,286 with a sample standard deviation of $5,200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2018 is greater than the mean starting salary in 2017. Use a = 0.01 as the level of significance. State the null and alternative hypotheses. (Enter ! for z as needed.) Ho Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Reject Hg. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject Hg. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject Hg. There is insufficient evidence conclude that the mean starting salary for business majors has increased in 2018. • Reject H. There is insufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. Need Heln? Bead

MATLAB: An Introduction with Applications
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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1. DETAILS ASWSBE14 9.E.067. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You may need to use the appropriate technology to answer this question. Suppose Michigan State University's Collegiate Employment Institute found that starting salaries for recipients of bachelor's degrees in business was $50,032 in 2017. The results for a sample of 100 business majors receiving a bachelor's degree in 2018 showed a mean starting salary of $51,286 with a sample standard deviation of $5,200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2018 is greater than the mean starting salary in 2017. Use a = 0.01 as the level of significance. State the null and alternative hypotheses. (Enter != for = as needed.) Ho: H,: Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Reject H. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject H. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject Ho. There is insufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Reject Ho. There is insufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. Need Help? Read It Viewing Saved Work Revert to Last Response
Transcribed Image Text:1. DETAILS ASWSBE14 9.E.067. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You may need to use the appropriate technology to answer this question. Suppose Michigan State University's Collegiate Employment Institute found that starting salaries for recipients of bachelor's degrees in business was $50,032 in 2017. The results for a sample of 100 business majors receiving a bachelor's degree in 2018 showed a mean starting salary of $51,286 with a sample standard deviation of $5,200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2018 is greater than the mean starting salary in 2017. Use a = 0.01 as the level of significance. State the null and alternative hypotheses. (Enter != for = as needed.) Ho: H,: Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Reject H. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject H. There is sufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Do not reject Ho. There is insufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. O Reject Ho. There is insufficient evidence to conclude that the mean starting salary for business majors has increased in 2018. Need Help? Read It Viewing Saved Work Revert to Last Response
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