Average starting salary for finance graduates


If you wish to determine there is evidence that average starting salary for finance graduates exceeds $42,000, then you should formulate the null and alternative hypotheses such that

a. either a two-tailed or one-tailed test could be used

b. a two-tailed test should be used

c. a one-tailed test should be used

d. the probability of committing a Type II error equal to .42

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Basic Statistics: Average starting salary for finance graduates
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