Five Years Ago, the Average Starting Salary of a New

question 6

Multiple Choice

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?

• A) Yes
• B) No

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Definitions:

Decentralized

A form of organizational structure where decision-making is distributed among various levels and segments, allowing more autonomy and flexibility.

Integrator Roles

Positions or functions within an organization tasked with coordinating and synthesizing diverse elements, processes, or departments.

Direct Supervision

The practice of overseeing employees' performance and tasks in a close and hands-on manner to ensure effectiveness and adherence to protocols.

Job Descriptions

A formal document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.