You are skeptical of the business school claim and decide


A local business school claims that its graduating seniors get higher-paying jobs than the national average for business school graduates. Last year's figures for salaries paid to all business school graduates on their first job showed a mean of $10.20 per hour. A random sample of 10 graduates from last year's class of the local business school showed the following hourly salaries for their first job: $9.40, $10.30, $11.20, $10.80, $10.40, $9.70, $9.80, $10.60, $10.70, $10.90. You are skeptical of the business school claim and decide to evaluate the salary of the business school graduates, using ?= 0.05 (2-tail) what do you conclude?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: You are skeptical of the business school claim and decide
Reference No:- TGS02238166

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)