The Wall Street Journal reported that bachelor's degree recipients with majors in business received average starting salaries
Question:
The Wall Street Journal reported that bachelor's degree recipients with majors in business received average starting salaries of $53,900 in 2012 (the Wall Street Journal, March 17, 2014). The results for a sample of 100 business majors receiving a bachelor's degree in 2013 showed a mean starting salary of $55,144 with a sample standard deviation of $5200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2013 is greater than the mean starting salary in 2012. use α = .01 as the level of significance?
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The hypothesis test that if rejected will allow us to conclude that the mean starting salary for b...View the full answer
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Related Book For 
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9781285867045
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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