The Dean of a Business School Claims That the Average

question 136

Multiple Choice

The dean of a business school claims that the average starting salary of its graduates is more than
$50,000. It is known that the population standard deviation is $10,000. Sample data on the starting
Salaries of 20 randomly selected recent graduates yielded a mean of $55,000. What is the value of
The sample test statistic?

• A) z = 2.24
• B) t = 7.2
• C) t = 5.04
• D) t = 2.24

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Definitions:

Customer Value Proposition

A business or marketing statement that describes why a customer should buy a product or use a service, highlighting the unique value it offers.

Marketing Plan

A comprehensive strategy outlining an organization's overall marketing efforts, including objectives, strategies, and activities.

Core Values

Core beliefs and principles that govern actions and behaviors within a business entity.

Trust

The confidence in the integrity, honesty, and reliability of an individual, organization, or process.