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Conestoga college recently released a flyer in an attempt to recruit accounting students for their business school. In the flyer, Conestoga college claims that the

Conestoga college recently released a flyer in an attempt to recruit accounting students for their business school. In the flyer, Conestoga college claims that the mean first year graduate salary of their accounting students is $50,000, whereas their biggest competition for accounting students, Fanshawe College, have a first year graduate salary of only $45,000.

After reading Conestoga's recruiting flyer, Fanshawe College executives believe that their own graduate salaries might have been initially incorrectly stated and as a result have conducted their own study. Based on the sample below, at 1% level of significance is there evidence that Fanshawe's first year accounting graduates salaries are not as claimed?

Fanshawe College First Year Accounting Graduate Salaries
$35,250 $56,500 $49,750 $36,000 $36,750 $40,000 $55,250 $32,750 $59,250 $60,750
$43,000 $37,500 $33,750 $42,500 $56,250 $47,750 $56,750 $37,500 $39,750 $51,500
$32,750 $51,500 $30,500 $31,500 $41,500 $49,750 $43,000 $60,000 $33,250 $40,250
$52,750 $36,000 $55,000 $37,500 $44,750 $58,250 $35,500 $52,500 $49,250 $34,500
$56,250 $58,750 $35,500 $50,750 $40,250 $48,250 $31,250 $55,000 $44,250 $58,250
$53,500 $46,000 $48,750 $39,000 $45,500 $50,500 $44,250 $37,750 $43,000 $42,750
$45,500 $43,000 $40,250 $38,000 $41,750 $56,000 $60,750 $49,750 $33,250 $58,500
$38,500 $42,750 $47,500 $44,500 $39,750 $59,250 $51,750 $32,250 $41,500 $36,250
$30,250 $48,750 $56,750 $44,250 $45,750 $40,250 $36,750 $40,250 $60,750 $43,750
$47,000 $53,750 $54,500 $42,250 $55,250 $54,500 $54,000 $55,750 $58,750 $58,250
$59,500 $31,000 $50,500 $45,250 $51,750 $53,000 $56,250 $49,250 $56,250 $42,000
$44,750 $35,250 $52,750 $38,000 $59,750 $59,750 $47,500 $56,750 $38,500 $59,750
$37,000 $45,250 $39,500 $58,500 $50,750 $45,750 $52,000 $41,500 $31,250 $55,000
$40,000 $55,750 $41,750 $50,000 $42,250 $52,500 $37,500 $47,250 $57,500 $60,750
$37,000 $56,250 $55,750 $55,750 $48,500 $30,750 $36,250 $47,250 $38,500 $50,750
$34,750 $38,250 $53,250 $33,250 $43,250 $46,750 $44,500 $37,750 $48,250 $40,500
$49,500 $56,000 $57,500 $58,250 $35,000 $53,500 $60,000 $34,500 $47,750 $38,750
$53,500 $36,250 $47,250 $60,250 $36,500 $51,250 $59,750 $43,500 $42,250 $60,250
$30,000 $57,500 $58,500 $40,000 $33,000 $59,750 $33,750 $42,750 $49,750 $46,750
$48,500 $40,250 $52,500 $44,750 $49,750 $50,750 $31,750 $44,750 $51,750 $56,250
$49,000 $44,000 $45,000 $42,500 $37,500 $48,250 $46,000 $41,750 $47,500 $59,500
$50,500 $56,250 $34,000 $31,250 $46,500 $40,500 $49,000 $57,250 $45,750 $37,500

BLANK #1: Is this a question involving mean or proportion? ***ANSWER "MEAN" OR "PROPORTION" (WITHOUT THE QUOTATION MARKS)***

BLANK #2: Which type of distribution should be used to calculate the probability for this question? ***ANSWER "NORMAL", "T", OR "BINOMIAL" (WITHOUT THE QUOTATION MARKS)***

BLANK #3: Which of the following options are the appropriate hypotheses for this question: ***ANSWER WITH THE CORRECT LETTER,WITHOUT ANY QUOTATION MARKS OR BRACKETS***

A) H0: = $45,000 H1: > $45,000

B) H0: = $45,000 H1: < $45,000

C) H0: = $45,000 H1: $45,000

D) H0: p = $45,000 H1: p > $45,000

E) H0: p = $45,000 H1: p < $45,000

F) H0: p = $45,000 H1: p $45,000

BLANK #4: What is the p-value of this sample? ***ANSWER TO 4 DECIMALS, BE SURE TO INCLUDE LEADING ZERO, EXAMPLE "0.1234"...NOT ".1234"***

BLANK#5: Based on this sample, at 1% level of significance is there evidence that Fanshawe's first year accounting graduates salaries are not as claimed? ***ANSWER "YES" OR "NO" (WITHOUT THE QUOTATION MARKS)***

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