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16 [4 points] The dean of a business school wants to determine whether the mean starting salary of graduates of her school is greater
16 [4 points] The dean of a business school wants to determine whether the mean starting salary of graduates of her school is greater than $50,000. She will perform a hypothesis test with the following null and alternate Hypotheses. Ho: = $50,000 versus H1:> $50,000 Decide if a Type I error, Type II error, or a correct decision occurs in each case: The true mean is = $50,000, and the dean rejects Ho The true mean is = $55,000, and the dean rejects Ho The true mean is = $55,000, and the dean does not reject Ho
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