Question
The survey of the 25 graduates has a mean annual salary of $248,657 and a standard deviation of $103,027. At 5% level of significance, we
The survey of the 25 graduates has a mean annual salary of $248,657 and a standard deviation of $103,027. At 5% level of significance, we want to test that the graduates from this school earn a mean annual salary of more than $200,000.
What is the critical value of the rejection region(s)? Keep to 3 decimal places.
Calculate the value of the test statistic. Keep to 2 decimal places.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
