Five Years Ago, the Average Starting Salary of a New

question 70

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.

-Assume that the population of starting salaries in marketing is not normally distributed.The p-value is found to be .0547.Using a = .10,can we conclude that the starting salaries have increased in the last five years?

---

Definitions:

Observational Study

A study in which the researcher observes and records information on subjects without influencing the study outcome.

Anecdotal Evidence

Information based on personal accounts, observations, or stories rather than hard data or scientific research.

Observational Study

A research method where the investigator observes subjects and measures variables of interest without assigning treatments to the subjects.

Observational Study

A study where the researcher observes the outcome without manipulating any variables.