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Question
Five years ago, the average starting salary of a new college graduate with a major in marketing was $34,000. A random sample of 10 graduates from this year's graduating class of a local university yielded the following starting salaries in thousands of dollars: 28, 36, 25, 37, 35, 24, 38, 45, 39, 36. The local university wants to determine if the median starting salary for marketing graduates has increased in the last five years.
Assume that the population of starting salaries in marketing is not normally distributed. The p value is found to be .0547. Using
= .10, can we conclude that the starting salaries increased in the last five years?
A. Yes
B. No
Answer
This answer is hidden. It contains 18 characters.
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