The following table shows the annual salaries, in thousands of dollars, earned by individuals who graduated with

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The following table shows the annual salaries, in thousands of dollars, earned by individuals who graduated with MBAs in 2012 and 2013. These data can also be found in the Excel file graduate salaries.xlsx.

Perform a hypothesis test using Î± = 0.05 to determine if the median salary for 2012 MBA graduates is lower than 2013 MBA graduates.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 29, 2015 05:26 AM

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The following table shows the annual salaries, in thousands of dollars, earned by individuals who graduated with

Question:

2012 Graduates ( 55.5 70.7 52.9 58.5 41.6 82.7 96.8 36.6 46.9 2013 Graduates ($) 64.9 48.0 62.5 59.4 74.8 55.0 34.2 68.0 78.8 53.9 36.2 40.6 64.6 44.4 87.8 67.4 46.8 49.3 56.5 98.1

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H 0 Median salary for 2012 graduates is not lower than 2013 graduates H 1 Median salary for 2012 gra...View the full answer

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