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:

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning and that psychological disorders are best treated by altering behavior patterns.

Development Goals

Long-term aims or objectives that guide personal, professional, or societal growth and improvement.

Improve Oneself

The process of self-enhancement through activities that increase self-awareness, develop talents, and potential, and contribute to the realization of dreams and aspirations.

Long Term

Relating to a period of time that extends far into the future; often in contrast to short-term or immediate.