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A fellow student says that the average salary of graduates i…
A fellow student says that the average salary of graduates in your major is 30,000 dollars per year. You don’t think that this is correct. You think that the average salary is different from this. To show that your fellow student is wrong, you take a simple random sample of fifty graduates who have graduated in the past 5 years and ask for the amount of their starting salary. We want to investigate whether there is evidence to support your claim that the population mean starting salary is different from 30,000 and find that the p-value is 0.07. What can be said about the 95% confidence interval for the population mean difference?
A fellow student says that the average salary of graduates i…
Questions
A fellоw student sаys thаt the аverage salary оf graduates in yоur major is 30,000 dollars per year. You don't think that this is correct. You think that the average salary is different from this. To show that your fellow student is wrong, you take a simple random sample of fifty graduates who have graduated in the past 5 years and ask for the amount of their starting salary. We want to investigate whether there is evidence to support your claim that the population mean starting salary is different from 30,000 and find that the p-value is 0.07. What can be said about the 95% confidence interval for the population mean difference?