Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smooth Manifolds

Authors: Rajnikant Sinha

1st Edition

8132221044, 9788132221043

More Books

Students also viewed these Mathematics questions

Question

We uploaded the video of your dog to our web page.

Answered: 1 week ago