A business department is trying to determine if their program is competitive. They survey recent graduates from their program and compare their recent grads' starting salary to the national average of recent graduates ($48,000 a year).

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 3E
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A business department is trying to determine if their program is
competitive. They survey recent graduates from their program and
compare their recent grads' starting salary to the national average of
recent graduates ($48,000 a year).
One-Sample Statistics
Std.
Std. Error
Mean
Deviation
Mean
I
Incom 84
50,633.333 8,314.7474 1,100.3179
e
4
One-Sample Test
Test Value = 48,000
%3D
95% Confidence
Interval of the
Mean
Difference
Sig. (2-
tailed)
Differenc
df
Lower
Upper
e
Incom 2.144 83
.041
2,633.33 270.923 6,555.74
e
333
9.
28
a) What are the results of this analysis? Write an APA-style
statement describing these data as though it were a research
report.
b) Do you think these results are practically significant? Why or
why not?
1,537 words
<>
3.
Transcribed Image Text:A business department is trying to determine if their program is competitive. They survey recent graduates from their program and compare their recent grads' starting salary to the national average of recent graduates ($48,000 a year). One-Sample Statistics Std. Std. Error Mean Deviation Mean I Incom 84 50,633.333 8,314.7474 1,100.3179 e 4 One-Sample Test Test Value = 48,000 %3D 95% Confidence Interval of the Mean Difference Sig. (2- tailed) Differenc df Lower Upper e Incom 2.144 83 .041 2,633.33 270.923 6,555.74 e 333 9. 28 a) What are the results of this analysis? Write an APA-style statement describing these data as though it were a research report. b) Do you think these results are practically significant? Why or why not? 1,537 words <> 3.
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