Question

Employees in a large accounting firm claim that the mean salary of the firm’s accountants is...

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.

The population of all salaries of the firm’s accountants is normally distributed because of the small sample size.

The population variance must equal the population mean.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A battery manufacturer advertises that the mean reserve capacity of a certain battery is 1500 hours....
A battery manufacturer advertises that the mean reserve capacity of a certain battery is 1500 hours. You suspect that the batteries’ reserve time is less than the advertised value. To test this claim, you randomly select a sample of 20 batteries and find the mean reserve capacity to be 1320 hours. Assume that the population standard deviation is 320 hours. Do you have enough evidence to support the manufacturer’s claim? What assumption is necessary for this test to be valid?...
Employees at a construction and mining company claim that the mean salary of the company’s mechanical...
Employees at a construction and mining company claim that the mean salary of the company’s mechanical engineers is less than that of the one of its competitors, which is $68,000. A random sample of 30 of the company’s mechanical engineers has a mean salary of $66,900 with a standard deviation of $5500. At α = 0.05, test the employees’ claim.
Exhibit 10-1 Salary information regarding male and female employees of a large company is shown below....
Exhibit 10-1 Salary information regarding male and female employees of a large company is shown below. Male Female Sample Size 64 36 Sample Mean Salary (in $1,000) 44 41 Population Variance 128 72 ​ ​ Refer to Exhibit 10-1. If you are interested in testing whether or not the average salary of males is significantly greater than that of females, using a 5% level of significance, the conclusion is ( Use Excel) Question 6 options: A the average salary of...
Salary information regarding male and female employees of a large company is shown below. Male Female...
Salary information regarding male and female employees of a large company is shown below. Male Female Sample Size: 64 36 Sample Mean Salary (in $1,000): 44 41 Population Variance:    128 72 1.) The standard error for the difference between the two means is 2.) The point estimate of the difference between the means of the two populations is 3.) At 95% confidence, the margin of error is 4.)  The 95% confidence interval for the difference between the means of the two...
Let x represent the average annual salary of college and university professors (in thousands of dollars)...
Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately σ2 = 47.1. However, a random sample of 19 colleges and universities in Kansas showed that x has a sample variance s2 = 77.0. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is...
Let x represent the average annual salary of college and university professors (in thousands of dollars)...
Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately σ2 = 47.1. However, a random sample of 20 colleges and universities in Kansas showed that x has a sample variance s2 = 84.0. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is...
Let x represent the average annual salary of college and university professors (in thousands of dollars)...
Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately σ2 = 47.1. However, a random sample of 19 colleges and universities in Kansas showed that x has a sample variance s2 = 77.0. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is...
Let x represent the average annual salary of college and university professors (in thousands of dollars)...
Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately σ2 = 47.1. However, a random sample of 18 colleges and universities in Kansas showed that x has a sample variance s2 = 78.4. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is...
QUESTION 1 In order to compare the mean length of advertising breaks of two Irish TV...
QUESTION 1 In order to compare the mean length of advertising breaks of two Irish TV networks: the mean length of breaks on network 1, μ 1, and the mean length of breaks on network 2, μ 2, independent random samples of ad-breaks are selected from each network, and their lengths measured in minutes. Descriptive statistics found for each sample of TV ad-breaks are provided in the table below : Group Statistics GROUP n Mean Std. Deviation AdbreakLength network 1...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT