Question: Using the critical value approach, should you reject the null hypothesis or not reject the null hypothesis? Explain. After making your decision, restate it in
Using the critical value approach, should you reject the null hypothesis or not reject the null hypothesis? Explain. After making your decision, restate it in non-technical terms and make a conclusion about the original claim.
ORIGINAL 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.
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