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
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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 your conclusion?
Reject H0, there is enough evidence to conclude that the mean salary is greater than $200,000
Reject H0, there is not enough evidence to conclude that the mean salary is greater than $200,000
Do not reject H0, there is enough evidence to conclude that the mean salary is greater than $200,000
Do not reject H0, there is not enough evidence to conclude that the mean salary is greater than $200,000
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 your conclusion?
| Reject H0, there is enough evidence to conclude that the mean salary is greater than $200,000 | ||
| Reject H0, there is not enough evidence to conclude that the mean salary is greater than $200,000
| ||
| Do not reject H0, there is enough evidence to conclude that the mean salary is greater than $200,000 | ||
| Do not reject H0, there is not enough evidence to conclude that the mean salary is greater than $200,000 |
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