The following data represent the salaries of 14 randomly selected baseball players in the 2010 season (data

Question:

The following data represent the salaries of 14 randomly selected baseball players in the 2010 season (data are in thousands of dollars, so 3250 means $3,250,000).

2,800 19,000 3,125 400 1,440 445 890 3,400 1,625 5,050 3,250 2,470 1,320 550

Test the hypothesis that the median salary is more than $1000 thousand ($1 million) at the a = 0.05 level of significance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: