Question
The median annual income for college graduates with a bachelors degree is $37,700 (The New York Times Almanac, 2006). Data (in thousands of dollars) for
The median annual income for college graduates with a bachelors degree is $37,700 (The New York Times Almanac, 2006). Data (in thousands of dollars) for a sample of college graduates with a bachelor's degree working in the Chicago area are shown. Use the sample data to test Ho: median 37.7 and Ha: median > 37.7 for the population of college graduates with a bachelor's degree working in the Chicago area. Use a .05 level of significance. What is your conclusion?
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Transportation A Global Supply Chain Perspective
Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard
8th edition
9781305445352, 1133592961, 130544535X, 978-1133592969
