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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