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It is claimed that the average salary for managers in a particular company is $54,000. The standard deviation of that salary is known to be $2,000.

This question was answered on Jan 30, 2013. View the Answer
It is claimed that the average salary for managers in a particular company is $54,000. The standard deviation of that salary is known to be $2,000. A sample of 100 managers is selected and a sample mean of $56,000 is derived. If the goal is to test whether the average salary for managers is greater than $54,000, what is the value of the critical test statistic at the 10% level of significance?

a. z = 1.280
b. z = 1.645
c. t = 1.290
d. t = 1.660
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We should not use t-test when sample is... View the full answer

This question was asked on Jan 30, 2013 and answered on Jan 30, 2013.

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