Question: Suppose the Graduate Management Admission Council GMAC would like to
Suppose the Graduate Management Admission Council (GMAC) would like to determine if the median starting salary for MBA students graduating from two year programs is different than the median starting salary for MBA students graduating from one year programs. A random sample of graduating students from both types of MBA programs was collected, and the starting salaries, in thousands of dollars, were recorded and are as follows. These data can also be found in the Excel file GMAC.xlsx.
Using α = 0.05, perform a hypothesis test to determine if the median starting salary for MBA students graduating from two year programs was different than it was for MBA students graduating from one year programs.
Answer to relevant QuestionsThe Hawaii Island Chamber of Commerce collects ocean temperature data to help promote tourism for local busi-nesses. The Excel file titled Hawaii ocean temps. xlsx lists daily ocean temperatures for the past 125 days. a. ...Opinion Research Corporation asked adults to describe the category that best describes their health care costs. The following table shows the number of adults in each category: Category Number of Adults Fairly priced ...Suppose the U. S. Department of Education would like to determine if the median annual tuition for a fou ryear public college equaled $ 8,000 in 2014. A random sample of these colleges was selected and their annual tuitions ...The following sample data show, in square feet, the size of newly constructed single homes in 2005 versus 2013. These data can also be found in the Excel file new construction.xlsx. Using α = 0.05, perform a hypothesis test ...According to Reis Inc., a real estate data firm, the median monthly apartment rent in the United States in October 2012 was $ 1,044. Suppose the manager of an apartment complex would like to test this report by taking a ...
Post your question