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A report states that the mean yearly salary offer for students graduating with a degree in accounting is $48,716. Suppose that a random sample of 50
I need help on this problem. I am having trouble starting it finding the P-value. any and all help would be greatly appreciated
A report states that the mean yearly salary offer for students graduating with a degree in accounting is $48,716. Suppose that a random sample of 50 accounting graduates at a large university whoreceived job offers resulted in a mean offer of $49,870 and a standard deviation of $3700. Do the sample data provide strong support for the claim that the mean salary offer for accounting graduatesof this university is higher than the national average of $48,716? Test the relevant hypotheses using a = 0.05. (Use a statistical computer package to calculate the P-value. Round your test statistic totwo decimal places and your P-value to three decimal places.) t = l Wfil P-value = l State your ooncluslon.Q Reject H0. We have convincing evidence that the mean salary offer for accounting graduates of this university is higher than the national average of $48,716. Q Reject "0' We do not have convincing evidence that the mean salary offer for accounting graduates of this university is higher than the national average of $48,716.0 Do not reject HO‘ We do not have convincing evidence that the mean salary offer for accounting graduates of this university is higher than the national average of $48,716. 0 Do not reject ”0' We have convincing evidence that the mean salary offer for accounting graduates of this university is higher than the national average of $48,716. You may need to use the appropriate table in Appendix A to answer this question. Neeauelp? i .SuythAnsw Savemgm I ,Efisfigmflsfium ‘ Submit Assinnmsnt Save Aseinnment Pmurass