Question
URGENTLY, hello tutor, please help me with this question. PLEASE USE EXCEL FORMULA to for this question. (T DISTRIBUTION) Brown college recently released a flyer
URGENTLY, hello tutor, please help me with this question. PLEASE USE EXCEL FORMULA to for this question. (T DISTRIBUTION)
Brown college recently released a flyer in an attempt to recruit accounting students for their business school. In the flyer, Brown college claims that the mean first year graduate salary of their accounting students is $50,000, whereas their biggest competition for accounting students, Victoria College, have a first year graduate salary of only $45,000.
After reading Brown's recruiting flyer, Victoria College executives believe that Brown falsely stated the graduate salaries and as a result have conducted their own study. Based on the sample below, at 1% level of significance is there evidence that Brown's first year accounting graduates salaries are not as claimed?
Which of the following options are the appropriate hypotheses for this question:
A) H0: = $50,000 H1: > $50,000
B) H0: = $50,000 H1: < $50,000
C) H0: = $50,000 H1: $50,000
D) H0: p = $50,000 H1: p > $50,000
E) H0: p = $50,000 H1: p < $50,000
F) H0: p = $50,000 H1: p $50,000
What is the p-value of this sample? ***ANSWER TO 4 DECIMALS and USE EXCEL FORMULA
Based on this sample, at 1% level of significance is there evidence that Brown's first year accounting graduates salaries not as claimed? ***ANSWER "YES" OR "NO" and explain why
| Brown College First Year Accounting Graduate Salaries | |||||||||
| $38,750 | $50,000 | $50,000 | $45,250 | $45,250 | $50,500 | $36,500 | $41,000 | $41,750 | $55,750 |
| $59,500 | $46,000 | $37,500 | $50,000 | $49,250 | $59,750 | $37,500 | $43,500 | $44,250 | $59,250 |
| $58,250 | $39,250 | $60,750 | $42,750 | $43,000 | $49,500 | $37,500 | $41,250 | $61,000 | $38,250 |
| $38,000 | $44,500 | $42,500 | $58,500 | $45,000 | $37,000 | $56,500 | $59,750 | $48,000 | $47,500 |
| $46,250 | $62,750 | $56,000 | $38,750 | $45,250 | $46,750 | $57,250 | $55,000 | $50,250 | $61,000 |
| $40,000 | $43,750 | $50,250 | $40,000 | $37,750 | $44,000 | $45,500 | $53,000 | $56,000 | $60,750 |
| $37,000 | $58,250 | $35,750 | $44,750 | $53,250 | $50,250 | $45,000 | $45,250 | $40,750 | $52,000 |
| $60,250 | $47,250 | $43,750 | $47,750 | $58,750 | $38,750 | $62,750 | $52,000 | $57,750 | $48,750 |
| $36,750 | $53,500 | $50,500 | $53,000 | $40,750 | $47,000 | $57,000 | $46,250 | $57,250 | $38,500 |
| $48,500 | $41,000 | $55,750 | $36,250 | $62,500 | $50,500 | $46,750 | $38,000 | $61,000 | $40,000 |
| $62,500 | $42,750 | $43,750 | $62,000 | $45,000 | $51,750 | $50,750 | $35,750 | $40,750 | $51,500 |
| $53,250 | $49,250 | $51,750 | $48,500 | $38,250 | $46,750 | $40,250 | $52,250 | $54,500 | $51,500 |
| $51,000 | $41,000 | $49,250 | $39,750 | $54,500 | $41,000 | $49,750 | $50,250 | $49,250 | $49,000 |
| $62,000 | $43,500 | $53,000 | $44,500 | $48,250 | $62,000 | $37,750 | $38,750 | $61,000 | $60,750 |
| $48,500 | $49,500 | $62,500 | $44,500 | $58,500 | $53,500 | $52,000 | $37,750 | $50,750 | $60,250 |
| $37,250 | $40,250 | $58,500 | $43,750 | $49,500 | $46,750 | $62,750 | $62,750 | $51,750 | $42,250 |
| $45,750 | $56,750 | $48,250 | $54,000 | $53,750 | $58,000 | $36,000 | $50,250 | $46,250 | $40,250 |
| $37,500 | $46,250 | $62,750 | $56,000 | $39,500 | $39,750 | $48,750 | $62,250 | $38,000 | $36,500 |
| $38,750 | $49,750 | $42,500 | $52,750 | $56,000 | $61,500 | $49,000 | $47,750 | $39,250 | $58,250 |
| $52,000 | $37,000 | $36,750 | $41,750 | $53,500 | $37,500 | $59,750 | $57,500 | $39,000 | $37,250 |
| $62,750 | $39,750 | $61,750 | $45,500 | $39,000 | $61,000 | $40,750 | $40,000 | $62,250 | $48,250 |
| $43,250 | $36,250 | $58,250 | $62,000 | $58,250 | $55,000 | $63,000 | $50,000 | $52,750 | $53,500 |
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
