According to CNN Business Partner Careerbuilder

question 100

Multiple Choice

According to CNN business partner Careerbuilder.com, the average starting salary for accounting graduates in 2008 was at least $47,413. Suppose that the American Society for Certified Public Accountants planned to test this claim by randomly sampling 200 accountants who graduated in 2008. Compute the power of the hypothesis test to reject the null hypothesis if the true average starting salary is only $47,000. Assume that the population standard deviation is known to be $4,600 and the test is to be conducted using an alpha level equal to 0.01.

• A) 0.0872
• B) 0.1323
• C) 0.8554
• D) 0.9812

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Definitions:

Authority

The faculty to govern, resolve issues, and secure compliance.

Self-Control

The skill to manage one's emotional states, cognitive processes, and actions in situations presenting temptations and spontaneous impulses.

Continuous Schedules

Work or production schedules that operate non-stop, often on a 24/7 basis, to ensure uninterrupted operations.

Regular Performance

The consistent or usual level of productivity or efficiency achieved by an individual or organization.