Wednesday, August 10, 2011

Anyone please explain how to solve this testing hypothesis question?

The average starting salary of graduates is more than 60 (in $000's). It is known that the population standard deviation is 10 (in $000's). Sample data on the starting salaries of 64 randomly selected recent graduates yielded a mean of 62 (in $000s). What is the value of the sample test statistic?

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