Starting Salaries for Business Graduates. Michigan State University's Collegiate Employment Research Institute found that starting salary for recipients of bachelor's degrees in business was $50,032 in 2017. The results for a sample of 100 business majors receiving a bachelor's degree in 2018 showed a mean starting salary of $51,276 with a sample standard deviation of $5200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2018 is greater than the mean starting salary in 2017. Use a = .01 as the level of significance.

When this problem is solved t=2.39, the critical value is 2.365, therefore the null hypothesis is rejected? Also is my next response correct that therefore the starting salary for recipients of bachelor's degrees in business is not less than or equal to $50,032?