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A Business School In Its Advertisement Claims That The Average Salary Of Its Graduates In A Particular Lean Year Is At Par With The Average Salaries Offered At The Top Five Business Schools. A Sample Of 30 Graduates, From The Business School Whose Claim Was To Be Verified, Was Taken At Random. Their Salaries Are Given In The Table Below. The Average Salaries Offered At The Top Five Business Schools In That Year Was Given As P 75000. Kindly Assess The Validity Of The Claim Made By The Business School In Its Advertisements. Kindly Determine If The Average Salary Of The Business School Is Significantly Different From P75000, The Average Salary At The Top Five Business Schools For That Particular Year. Also, Kindly State The Null And The Alternative Hypotheses Of This Problem. Kindly Interpret The Results. Graduate Students Salary In (P In Thousands) Graduate Students Salary In (P In Thousands) 1 75 16 77 2 60 17 68 3 65 18 67 4 65 19 74 5 70 20 76 6 78 21 77.5 7 86 22 84.5 8 81 23 87 9 78 24 64 10 67 25 69 11 69 26 71.5 12 55 27 63 13 61 28 68.5 14 71.5 29 78 15 75.5 30 63.5 - Math Discussion

A business school in its advertisement claims that the average salary of its graduates in a particular lean year is at par with the average salaries offered at the top five business schools. A sample of 30 graduates, from the business school whose claim was to be verified, was taken at random. Their salaries are given in the table below. The average salaries offered at the top five business schools in that year was given as P 75000. Kindly assess the validity of the claim made by the business school in its advertisements. Kindly determine if the average salary of the business school is significantly different from P75000, the average salary at the top five business schools for that particular year. Also, kindly state the null and the alternative hypotheses of this problem. Kindly interpret the results. Graduate Students Salary in (P in thousands) Graduate Students Salary in (P in thousands) 1 75 16 77 2 60 17 68 3 65 18 67 4 65 19 74 5 70 20 76 6 78 21 77.5 7 86 22 84.5 8 81 23 87 9 78 24 64 10 67 25 69 11 69 26 71.5 12 55 27 63 13 61 28 68.5 14 71.5 29 78 15 75.5 30 63.5

state the null and the alternative hypotheses of this problem. Kindly interpret the results.
arlene 2015-05-29 12:01:32
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