Remember each step is worth the following points, so show each step: Step 1: 2 points Step 2: 2 points Step 3: 4 points

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answerhappygod
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Remember each step is worth the following points, so show each step: Step 1: 2 points Step 2: 2 points Step 3: 4 points

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Remember each step is worth the following points, so show eachstep:
Step 1: 2 points
Step 2: 2 points
Step 3: 4 points
Step 4: 1 point
Step 5: 1 pointPLEASE SHOW STEP 1-5Question:Nationwide, the average salary for actuaries who achieve the rankof Fellow is $159,500. An insurance executive wants to seehow this compares with Fellows within his company. He checksthe salaries of eight randomly selected Fellows in his company andfinds their average salary is $162,000, with a standard deviationof $8,800. Can he conclude that Fellows in his company makemore than the national average using the 0.05 level ofsignificance?
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