Question

According to CNN business partner Careerbuilder, the average starting salary for accounting graduates in 2018 was at least $57,413. Suppose that the American Society for Certified Public Accountants planned to test this claim by randomly sampling 200 accountants who graduated in 2018. State the appropriate null and alternative hypotheses.

Answer 1

Answer:

Null hypothesis: The American Society for Certified Public Accountants says the average starting salary of accountants who graduated in 2018 is $57,413

Alternate hypothesis: The American Society for Certified Public Accountants says the average starting salary of accountants who graduated in 2018 is less than or equal to $57,413

Step-by-step explanation:

A null hypothesis is a statement from a population parameter that is subject to testing. It is expressed with equality.

An alternate hypothesis is also a statement from the population parameter that negates the null hypothesis. It is expressed with inequality