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Internship program for college students to participate

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Northwestern Mutual Life Insurance has an internship program for college students to participate in training and become field agents in one academic term. Rex, a district agent, wants to test whether or not the typical college agent earns $2,800 in the first semester of participation. There is no reasonable estimate of σ. A survey of 100 current college agents is taken: sample mean = $2,700 and SD = $300. Test his conjecture with α=.05.

Reference no: EM132409035

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