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In the sample given on the data tab, 386 of the 599 jobs have an average salary of at least $50,000. Test the claim that

In the sample given on the data tab, 386 of the 599 jobs have an average salary of at least $50,000. Test the claim that more than 60% of the jobs have an average salary of at least $50,000 using a 0.05 significance level?

Calculations/Values Formulas/Answers
p-hat
p
q
n
Alpha
Test Statistic (Z)
Critical Value
P-value

1. Write the null and alternative hypotheses symbolically and identify which hypothesis is the claim. Then identify if the test is left-tailed, right-tailed, or two-tailed and explain why.

2.Identify and explain which test statistic you will use for your hypothesis test: z or t? Find the value of the test statistic. Provide your calculations in the cells designated to the right. Explain your answers below.? What is the critical value?

3.3c. What is the critical value? Describe the rejection region of this hypothesis test.

Provide your calculations in the cells designated to the right. Explain your answers below.

4.. Using the critical value approach, should you reject the null hypothesis or not reject the null hypothesis? Explain. After making your decision, restate it in non-technical terms and make a conclusion about the original claim.

5.Calculate the p-value for this hypothesis test, and state the hypothesis conclusion based on the p-value. Does this match your results from the critical value method?

Provide your calculations in the cells designated to the right. Explain your answers below.

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