Answer Happy

Hमintirance? 3. For thit thast, we wouds ane. b. The rait pod atermative hyetheser wouns loe: the mall freperthesir. tolkase shye your a maen te 4 drcial places-1 gracfuates frem yeur college it lens than Th.149, there is statistically lenteniticant woidence to cetrilabe that the pepulation mean sakiary fer pr aduates from your college in lest than 40.100. The data fuegust that the populaten mepe it zi grifiemely lens than 40,700 at ak−0.05,30. there is selfistically signif icant exiderce to conchuse thut the pogulation mean gatary fer fraduates feom your cellege is teth than 40,200 . h. - Interjuret the p-ralue in the cortext of the stuty. fraduates from yoea colloge are tarvered then threte woult be a 1.45726939 ctiatice that the poputation mean satary fer grachates from y5ar cetleph =eid be less than $40,700. If the popalation mean ralary for fraduates frent your colkere ib 542 , 700 and it ancther 61 graduates frors your college are nurweyed then there mould be a 1 , 5726939 charce that the rample mean for these 61 fraduates froen rour college mout4 be lew than 535.819. There is a 1.457869 Zir chance of a Tipe 1 error.
Theae is a ti,457rdy3s chance of a Tifet t enkec collare in ters thas y40,300. I. Interpret the tevet of clentficarce in the contest if the ituty. There is a 53 chanee thut yoer motit grathiate, 70 me ath the peint? that we would end ug falsely conchatine that the popelation mean saiary fer graduates feomt your collepe ir equat to 505.200. Ir the population meas falary for grahuater tron pour cellege is $40,200 and if andther 61 sraduates from your college are numeyed then thece would be a 5 it chance that, we would enot us falsely concluding that t= popelation the an salary for gradutes ftcm your oolteget ia lessi than 500,700 . There fr a 5 s chance that the population raes yalary for patuates fran your college is tess. than 340,300. Hiveft: Hetpre Help L"
The average salary for American college graduates is 540,300 . You suspect that the average is less for graduates from your college. The 61 randomly selected graduates from your college had an average salary of $35,819 and a standard deviation of $15,660. What can be concluded at the α=0.05 level of significance? a. For this study, we should use b. The null and alternative hypotheses would be: c. The test statistic (please show your answer to 4 decimal places.) e. The p-value is f. Based on this, we should the null hypothesis. g. Thus, the final conclusion is that … The data suggest that the sample mean is not significantly less than 40,300 at α=0.05, so there is statistically insignificant evidence to conclude that the sample mean salary for graduates from your college is less than 35,819 . The data suggest that the population mean is not significantly less than 40,300 at α=0.05, so there is statistically insignificant evidence to conclude that the population mean salary for graduates from your college is less than 40,300 . The data suggest that the populaton mean is significantly less than 40,300 at α=0.05, so there is statistically significant evidence to conclude that the population mean salary for graduates from your college is less than 40,300 . h. Interpret the p-value in the context of the study. If the population mean satary for graduates from your college is $40,300 and if another 61 graduates from your college are surveyed then there would be a 1.45726939% chance that the population mean salary for graduates from your college would be less than $40,300. If the poputation mean salary for graduates from your college is $40,300 and if another 61 graduates from your college are surveyed then there would be a 1.45726939% chance that the sample mean for these 61 graduates from your college would be less than $35,819. There is a 1.457269398 chance of a Type I error. There is a 1.45726939% chance that the population mean salary for graduates from your college is less than $40,300. 1. Interpret the level of significance in the context of the study. There is a 5% chance that your won't graduate, so what's the point? If the population population mean salary for graduates from your college is less than $40,300 and if another 61 graduates from your college are surveyed then there would be a 5% chance
e. The p-value is v​α the null hypothesis. f. Based on this, we should g. Thus, the final conclusion is that ... The data suggest that the sample mean is not significantly less than 40,300 at α=0.05, so there is statistically insignificant evidence to conclude that the sample mean salary for graduates from your college is less than 35,819. The data suggest that the population mean is not significantly less than 40,300 at α=0.05, 50 there is statistically insignificant evidence to conclude that the population mean salary for graduates from your college is less than 40,300 . The data suggest that the populaton mean is significantly less than 40,300 at α=0.05, so there is statistically significant evidence to conclude that the population mean salary for graduates from your college is less than 40,300 . h. Interpret the p-value in the context of the study. If the population mean salary for graduates from your college is $40,300 and if another 61 graduates from your college are surveyed then there would be a 1.45726939% chance that the population mean salary for graduates from your college would be less than $40,300. If the population mean salary for graduates from your college is $40,300 and if another 61 graduates from your college are surveyed then there would be a 1.45726939% chance that the sample mean for these 61 graduates from your college would be less than $35,819. There is a 1.45726939\% chance of a Type I error. There is a 1.45726939% chance that the population mean salary for graduates from your college is less than $40,300. i. Interpret the level of significance in the context of the study. There is a 5% chance that your won't graduate, so what's the point? If the population population mean salary for graduates from your college is less than $40,300 and if another 61 graduates from your college are surveyed then there would be a 5% chance that we would end up falsely concluding that the population mean salary for graduates from your college is equal to $40,300. If the population mean salary for graduates from your college is $40,300 and if another 61 graduates from your college are surveyed then there would be a 5% chance that we would end up falsely concluding that the population mean salary for graduates from your college is less than 540,300. There is a 5% chance that the population mean salary for graduates from your college is less than $40,300.