Interpretation of the decision

Reference no: EM13109573

A hospital human resources manager finds that the local average starting salary for nurses is $24,000. She randomly samples 10 nurse's salaries at the hospital and calculates a mean of $23,450 and a standard deviation of $400.

RQ: Is the average starting salary for nurses in her hospital at $24,000 with a 95% confidence level?

1. Choose the Hypothesis

Ho:

H1:

2. Specify the Decision Rule

3. Calculate the Test Statistic & P-value

4. Make the Decision

5. Give an interpretation of the Decision

Attach your Excel document with calculations (may be a software output.) It is an academic integrity infraction to use another student's file for your own.

Reference no: EM13109573

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