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Comparing the p-value to the level of significance

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Reference no: EM132515215

The mean salary per month in a company is rs. 50,000.A sample of 350 employees indicated that mean salary per month is rs. 48,500.The standard deviation for mean salary is rs. 4500

(a) Test the mean salary per month at 0.05 significance level by comparing the calculated z score to the critical z score

(b) Verify your answer to the previous problem by comparing the p-value To the level of significance at 0.05

Reference no: EM132515215

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