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Five years ago, the average starting salary of a new college graduate with a major in marketing was $34,000. A random sample of 10 graduates from this year's graduating class of a local university yielded the following starting salaries in thousands of dollars: 28, 36, 25, 37, 35, 24, 38, 45, 39, 36. The local university wants to determine if the median starting salary for marketing graduates has increased in the last five years. Assume that the population of starting salaries in marketing is not normally distributed. The p value is found to be .0547. Using α = .10, can we conclude that the starting salaries increased in the last five years?
Economic Relationships
The interactions and connections between individuals, institutions, and countries regarding the production, distribution, and consumption of goods and services.
Alienation
A state of estrangement or disconnection from others, one's work, or oneself, often resulting in feelings of isolation or disempowerment.
Ritualize
The act of infusing actions or practices with customary or routine significance, often turning them into formal rites or ceremonies.
Emotional Connections
refer to feelings of closeness and personal attachment that form between individuals, based on shared experiences, values, or interests.
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