Question: The report Highest Paying Jobs for 2009 10 Bachelor s Degree Graduates
The report “Highest Paying Jobs for 2009–10 Bachelor’s Degree Graduates” (National Association of Colleges and Employers, February 2010) states that the mean yearly salary offer for students graduating with a degree in accounting in 2010 is $48,722. Suppose that a random sample of 50 accounting graduates at a large university who received job offers resulted in a mean offer of $49,850 and a standard deviation of $3300. Do the sample data provide strong support for the claim that the mean salary offer for accounting graduates of this university is higher than the 2010 national average of $48,722? Test the relevant hypotheses using a = .05.
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