Find the mean income with a standard deviation

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Reference no: EM13141510

At a certain university the mean income of parents of the entering class is reported to be $91,600. The president of another university feels that the parents'income for her entering class is greater than $91,600. She surveys 100 randomly selected families and finds the mean income to be $96,321 with a standard deviation of $9555.With a0.05, is she correct?

Reference no: EM13141510

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