Five Years Ago, the Average Starting Salary of a New

question 108

Essay

Five years ago, the average starting salary of a new university graduate with a major in marketing was $34,000. A random sample of 10 graduates from this year's graduating class of a local university yielded the following starting salaries in thousands of dollars: 28, 36, 25, 37, 35, 24, 38, 45, 39, 36. The population of starting salaries in marketing is not normally distributed.
The local university wants to determine if the median starting salary for marketing graduates has increased in the last five years.

-Using a = .05,can we conclude that the starting salaries increased in the last five years?

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