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:

Posterior Cingulate Cortex

A part of the brain situated in the medial aspect of the cerebral cortex, involved in processing memory and emotional responses.

Self-perception Theory

A concept suggesting people develop attitudes and opinions by observing their own behavior and concluding what attitudes must have caused it.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth by means of natural selection, where organisms better adapted to their environment tend to survive and produce more offspring.

Social Identity Theory

The view that social identity is a crucial part of self-image and a valuable source of positive feelings about oneself.