Question
The Wall Street Journal reported that bachelor's degree recipients with majors in business received average starting salaries of $53,900 in 2012.The results for a sample
TheWall Street Journalreported that bachelor's degree recipients with majors in business received average starting salaries of $53,900 in 2012.The results for a sample of 100 business majors receiving a bachelor's degree in 2013 showed a mean starting salary of $55,177with a sample standard deviation of $5,200. Conduct a hypothesis test to determine whether the mean starting salary for business majors in 2013 is greater than the mean starting salary in 2012. Use= 0.01 as the level of significance.
What is the p value?
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Probability and Random Processes With Applications to Signal Processing and Communications
Authors: Scott Miller, Donald Childers
2nd edition
123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814
