The following table shows the annual salaries, in thousands of dollars, earned by individuals who graduated with
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Perform a hypothesis test using α = 0.05 to determine if the median salary for 2012 MBA graduates is lower than 2013 MBA graduates.
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2012 Graduates ( 55.5 70.7 52.9 58.5 41.6 82.7 96.8 36.6 46.9 2013 Graduates ($) 64.9 48.0 62.5 59.4 74.8 55.0 34.2 68.0 78.8 53.9 36.2 40.6 64.6 44.4 87.8 67.4 46.8 49.3 56.5 98.1
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