Look at the ten thousands place in 337,676. It is 3. Take one away from it to get the answer. It is 327,676.
what is this, i don't get it
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Answer with explanation:</h2>
Let be the average starting salary ( in dollars).
As per given , we have
Since is left-tailed , so our test is a left-tailed test.
WE assume that the starting salary follows normal distribution .
Since population standard deviation is unknown and sample size is small so we use t-test.
Test statistic : , where n= sample size , = sample mean , s = sample standard deviation.
Here , n= 15 , , s= 225
Then,
Degree of freedom = n-1=14
The critical t-value for significance level α = 0.01 and degree of freedom 14 is 2.62.
Decision : Since the absolute calculated t-value (2.07) is less than the critical t-value., so we cannot reject the null hypothesis.
Conclusion : We do not have sufficient evidence at 1 % level of significance to support the claim that the average starting salary of the graduates is significantly less that $42,000.
The figures were not drawn to scale.
Answer: (25 – π)