The Dean of a Business School Claims That the Average

question 61

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 25 randomly selected recent graduates yielded a mean of $52,000. What is the value of
The sample test statistic?

• A) z = 1.0
• B) t = 7.2
• C) t = 5.04
• D) t = 1.22

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Definitions:

Working Professionals

Individuals who are employed in a job that requires specific expertise and often involves formal training or education.

Mentoring Programs

Organized initiatives that match less experienced individuals with more experienced mentors, aimed at providing guidance, knowledge transfer, and career development.

Yield Ratios

Yield ratios are metrics used in human resources to evaluate the effectiveness of the hiring process by comparing the number of selected candidates to the total number of applicants at various stages.

Recruiting Source

identifies avenues through which organizations find and attract potential job candidates, such as job boards, recruitment agencies, or university career services.