Testing the hypothesis-the mean

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Reference no: EM1399672

According to Management Accounting, salary figures for certified management accountants (CMAs) who are in the field less than 1 year are normally distributed with a mean of $31,129. A random sample of 15 first-year CMAs in Denver produces a mean salary of $32,279, with a standard deviation of $1,797. Test the hypothesis that the mean for all Denver first-year CMAs is not equal to $31,129. Use the .05 level of significance.

Reference no: EM1399672

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