Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0 words >/ 9 pts The director of a state agency believes that the average starting salary for clerical employees in the state is less

image text in transcribed
0 words >/ 9 pts The director of a state agency believes that the average starting salary for clerical employees in the state is less than $50,000 per year. To test her hypothesis, she has collected a simple random sample of 100 starting clerical salaries from across the state and found that the sample mean is $47,750. We also know that the population standard deviation is known to be $5.000, and the director uses a 5% level of significance when conducting tests. a) State the Ho and the HA for this sample. (2 mark) b) is the test a tor z test? (1 mark) c) State the critical value and the statistic based on the test stated in part b. (3 mark) d) Based upon the two values in part c), do we reject or do not reject the Ho? Stating why. (3 marks) Edit View Insert Format Tools Table V 12pt Paragraph BI U Av Lv vv Dv) : D Question 16

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Trading In The Financial Markets Market Basics

Authors: R. Tee Williams

1st Edition

0123748380, 9780123748386

Students also viewed these Finance questions