Math

StatisticsSTATISTICS F/BUSINESS+ECONOMICS-TEXTThe 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.BuyFind*launch*

13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Chapter 9, Problem 63SE

Textbook Problem

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.

STATISTICS F/BUSINESS+ECONOMICS-TEXT

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