MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The average starting salary of students who graduated from colleges of Business in 2009 was
$48,400. A sample of 100 graduates of 2010 showed an average starting salary of $50,000. Assume
the standard deviation of the population is known to be $8000. We want to determine whether or
not there has been a significant increase in the starting salaries.
Question: f. The null hypothesis is to be tested at the 5% level of significance. Compute the p-value.
What is the p-value? (Round to the 4 decimal places)
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