State the appropriate null and alternative hypotheses

Assignment Help Business Management
Reference no: EM132804275

The director of state agency believes that the average starting salary for clerical employees in the state is less than $30,000 per year. To test her hypothesis, she has collected a simple random sample of 100 starting clerical salaries from across the state and found that the sample mean is $29,750.

a. State the appropriate null and alternative hypotheses.

b. Assuming the population standard deviation is known to be $2,500 and the significance level for the test is to be 0.05, what is the critical value (stated in dollars)?

c. Referring to your answer in part b, what conclusion should be reached with respect to the null hypothesis?

d. Referring to your answer in part c, which of the two statistical errors might have been made in this case? Explain.

Reference no: EM132804275

Questions Cloud

What is the cost of goods sold under backflushing costing : The entity acquired direct materials during the year at a cost of P200,000. What is the cost of goods sold under backflushing costing
Identity theft moves online-crime rings mimic big business : A recent article in The Wall Street Journal entitled" As Identity Theft Moves Online, Crime Rings Mimic Big Business" states that 39% of the consumer
Which journal would one record the purchase of a new part : Many journals are available for the recording of transactions. In which journal would one record the purchase of a new part of equipment for use in production?
How can personality differences be accommodated : Post a response to the Discussion Spark post. Your response should contain at least two significant paragraphs. Consider how groups of people can have.
State the appropriate null and alternative hypotheses : The director of state agency believes that the average starting salary for clerical employees in the state is less than $30,000 per year.
What is your monthly payment : You choose the 30-year mortgage with interest rate 5%. Assuming the total transaction cost is $5,000. What is your monthly payment
What is the cost of saved energy for investment : Explain what your "cost of saved energy" answer from part b means in a way that would be understandable to a high-school senior.
What single payment is required to pay off the debt today : Debt payments of $2,560.00 and $1,965.00 are due four months from now and ten months from now respectively. What single payment is required
Explain the types of research questions best served : Post your response to the question, "To what extent is mixed methods research simply taking a quantitative design and a qualitative design and putting.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd