The average salary for American college graduates is $40,700. You suspect that the average is different for graduates from your college. The 54 randomly selected graduates from your college had an average salary of $46,049 and a standard deviation of $11,980. What can be concluded at the α = 0.05 level of significance? a. For this study, we should use Select an answer b. The null and alternative hypotheses would be: Ho: ? H₁: ? Select an answer Select an answer c. The test statistic d. The p-value = e. The p-value is ? ✓ a f. Based on this, we should g. Thus, the final conclusion is that ... (please show your answer to 4 decimal places.) (Please show your answer to 4 decimal places.) Select an answer the null hypothesis. O The data suggest that the sample mean is not significantly different from 40,700 at a = 0.05, so there is statistically insignificant evidence to conclude that the sample mean salary for graduates from your college is different from 46,049. O The data suggest that the population mean is not significantly different from 40,700 at a = 0.05, so there is statistically insignificant evidence to conclude that the population mean salary for graduates from your college is different from 40,700. O The data suggest that the populaton mean is significantly different from 40,700 at x = 0.05, so there is statistically significant evidence to conclude that the population mean salary for graduates from your college is different from 40,700.

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The average salary for American college graduates is $40,700. You suspect that the average is different for
graduates from your college. The 54 randomly selected graduates from your college had an average salary
of $46,049 and a standard deviation of $11,980. What can be concluded at the α = 0.05 level of
significance?
a. For this study, we should use Select an answer
b. The null and alternative hypotheses would be:
Ho: ? Select an answer
H₁: ?✓ Select an answer ✓
c. The test statistic ? ✓ =
d. The p-value =
e. The p-value is ? ✓ a
f. Based on this, we should [Select an answer the null hypothesis.
g. Thus, the final conclusion is that ...
(please show your answer to 4 decimal places.)
(Please show your answer to 4 decimal places.)
O The data suggest that the sample mean is not significantly different from 40,700 at a = 0.05,
so there is statistically insignificant evidence to conclude that the sample mean salary for
graduates from your college is different from 46,049.
O The data suggest that the population mean is not significantly different from 40,700 at a =
0.05, so there is statistically insignificant evidence to conclude that the population mean
salary for graduates from your college is different from 40,700.
The data suggest that the populaton mean is significantly different from 40,700 at a = 0.05,
so there is statistically significant evidence to conclude that the population mean salary for
graduates from your college is different from 40,700.
Transcribed Image Text:The average salary for American college graduates is $40,700. You suspect that the average is different for graduates from your college. The 54 randomly selected graduates from your college had an average salary of $46,049 and a standard deviation of $11,980. What can be concluded at the α = 0.05 level of significance? a. For this study, we should use Select an answer b. The null and alternative hypotheses would be: Ho: ? Select an answer H₁: ?✓ Select an answer ✓ c. The test statistic ? ✓ = d. The p-value = e. The p-value is ? ✓ a f. Based on this, we should [Select an answer the null hypothesis. g. Thus, the final conclusion is that ... (please show your answer to 4 decimal places.) (Please show your answer to 4 decimal places.) O The data suggest that the sample mean is not significantly different from 40,700 at a = 0.05, so there is statistically insignificant evidence to conclude that the sample mean salary for graduates from your college is different from 46,049. O The data suggest that the population mean is not significantly different from 40,700 at a = 0.05, so there is statistically insignificant evidence to conclude that the population mean salary for graduates from your college is different from 40,700. The data suggest that the populaton mean is significantly different from 40,700 at a = 0.05, so there is statistically significant evidence to conclude that the population mean salary for graduates from your college is different from 40,700.
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