Mathematics, 21.06.2020 03:57 chiquita77
A student is interested in becoming an actuary. The student knows that becoming an actuary takes a lot of schooling and will have to take out student loans and wants to make sure the starting salary will be higher than $55,000/year. The student takes a random sample of 30 starting salaries for actuaries and finds a p-value of 0.0392. Use α = 0.05.
a. Choose the correct hypotheses.
H0:μ≠55,000 H1:μ=55,000
H0:μ>55,000 H1:μ≤55,000
H0:μ<55,000 H1:μ≥55,000
H0:μ=55,000 H1:μ>55,000
H0:μ=55,000 H1:μ≠55,000
H0:μ=55,000 H1:μ<55,000
b. Should the student pursue an actuary career?
No, since we can reject the null hypothesis
No, since we can reject the claim
Yes, since we can reject the claim
Yes, since we can can reject the null hypothesis
Answers: 1
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