The site College Simply gives the following information about Pacific Lutheran University graduates: Six years after...

 

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The site "College Simply" gives the following information about Pacific Lutheran University graduates: "Six years after enrolling, alumni who are working have average earnings of $37,200 per year" (https://www.collegesimply.com/colleges/washington/pacific-lutheran- university/salaries/) You suspect this average is too high, based on friends you know who have gone to PLU who make less than this. You conduct a hypothesis test with a = 0.03. You base your test on a random sample of 120 PLU graduates who are working 6 years after enrolling at PLU, and find the p-value to be 0.0405. Interpret what the comparison of the p-value and a tells you about this scenario. There is sufficient evidence to reject College Simply's claim that six years after enrolling, PLU alumni who are working have average earnings of $37,200 per year. The evidence suggests the average is higher than $37.200. There is not sufficient evidence to reject College Simply's claim that six years after enrolling. PLU alumni who are working have average earnings of $37.200 per year. The evidence doesn't suggest that this value is incorrect. There is not sufficient evidence to reject College Simply's claim that six years after enrolling. PLU alumni who are working have average earnings of $37.200 per year. The evidence proves that six years after enrolling. PLU graduates who are working will make and average of $37,200 There is sufficient evidence to reject College Simply's claim that six years after enrolling, PLU alumni who are working have average earnings of $37.200 perimar. The madence suagacte The site "College Simply" gives the following information about Pacific Lutheran University graduates: "Six years after enrolling, alumni who are working have average earnings of $37,200 per year" (https://www.collegesimply.com/colleges/washington/pacific-lutheran- university/salaries/) You suspect this average is too high, based on friends you know who have gone to PLU who make less than this. You conduct a hypothesis test with a = 0.03. You base your test on a random sample of 120 PLU graduates who are working 6 years after enrolling at PLU, and find the p-value to be 0.0405. Interpret what the comparison of the p-value and a tells you about this scenario. There is sufficient evidence to reject College Simply's claim that six years after enrolling, PLU alumni who are working have average earnings of $37,200 per year. The evidence suggests the average is higher than $37.200. There is not sufficient evidence to reject College Simply's claim that six years after enrolling. PLU alumni who are working have average earnings of $37.200 per year. The evidence doesn't suggest that this value is incorrect. There is not sufficient evidence to reject College Simply's claim that six years after enrolling. PLU alumni who are working have average earnings of $37.200 per year. The evidence proves that six years after enrolling. PLU graduates who are working will make and average of $37,200 There is sufficient evidence to reject College Simply's claim that six years after enrolling, PLU alumni who are working have average earnings of $37.200 perimar. The madence suagacte

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The detailed answer for the above question is provided below The pvalue of 00405 compared to the alp... View the full answer