The average salary for American college graduates is $44,600. You suspect that the average is less for graduates from your college. The 44 randomly selected graduates from your college had an average salary of $38, 434 and a standard deviation of $12,730. What can be concluded at the a = 0.10 level of significance? a. For this study, we should use |Select an answer b. The null and alternative hypotheses would be: Ho: 2v Select an answer H1: ?|Select an answer c. The test statistic ?v = (please show your answer to 3 decimal places.) d. The p-value = (Please show your answer to 4 decimal places.) e. The p-value is |?v a f. Based on this, we should |Select an answerv| the null hypothesis. g. Thus, the final conclusion is that ... The data suggest that the sample mean is not significantly less than 44,600 at a = 0.10, so there is statistically insignificant evidence to conclude that the sample mean salary for graduates from your college is less than 38,434. The data suggest that the population mean is not significantly less than 44,600 at a = 0.10, so there is statistically insignificant evidence to conclude that the population mean salary for graduates from your college is less than 44,600. The data suggest that the populaton mean is significantly less than 44,600 at a = 0.10, so there is statistically significant evidence to conclude that the population mean salary for graduates from your college is less than 44,600. h. Interpret the p-value in the context of the study. If the population mean salary for graduates from your college is $44,600 and if another 44 graduates from your college are surveyed then there would be a 0. 12460895% chance that the population mean salary for graduates from your college would be less than $44,600. O If the population mean salary for graduates from your college is $44,600 and if another 44 graduates from your college are surveyed then there would be a 0.12460895% chance that the sample mean for these 44 graduates from your college would be less than $38,434. There is a 0.12460895% chance that the population mean salary for graduates from your college is less than $44,600. O There is a 0.12460895% chance of a Type | error. i. Interpret the level of significance in the context of the study. If the population mean salary for graduates from your college is $44,600 and if another 44 graduates from your college are surveyed then there would be a 10% chance that we would end up falsely concluding that the population mean salary for graduates from your college is less than $44,600. There is a 10%% chance that the population mean salary for graduates from your college is less than $44,600. There is a 10% chance that your won't graduate, so what's the point? If the population population mean salary for graduates from your college is less than $44,600 and if another A4 graduates from your college are surveyed then there would be a 10% cha
