What is the p-value in given case

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Question: Wall Street securities firms paid out record year-end bonuses of $125,500 per employee for 2005 (Fortune, February 6, 2006). Suppose we would like to take a sample of employees at the Jones & Ryan securities firm to see whether the mean year-end bonus is different from the reported mean of $125,500 for the population. Suppose a sample of 40 Jones & Ryan employees showed a sample mean year-end bonus of $118,000 with a standard deviation of $30,000. What is the p-value?

Reference no: EM131899788

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