Question: . A claim is made that the average salary for all jobs in Minnesota is less than $73,400. You are going to test the claim
. A claim is made that the average salary for all jobs in Minnesota is less than $73,400. You are going to test the claim using =0.05 and assume that your data is normally distributed and the population standard deviation () is not known.
Identify and explain which test statistic you will use for your hypothesis test: z or t? Find the value of the test statistic. Provide your calculations in the cells designated to the right. Explain your answers below.
| Calculations/Values | Formulas/Answers |
| Mean (x-bar) | |
| Standard Deviation | |
| n | |
| mu | |
| Test Statistic | |
| Critical Value | |
| P-value |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
