Employees in a large accounting firm claim that the mean salary of the firm’s accountants is less than that of its competitor’s which is $45,000. A random sample of 16 of the firm’s accountants has a mean salary of $43,500. Assume that the population standard deviation is $5200. Test the employees claim. What assumption is necessary for this test to be valid?
None. The Central Limit Theorem makes any assumptions unnecessary. |
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The population of all salaries of the firm’s accountants is normally distributed because of the small sample size. |
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The population variance must equal the population mean. |
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