Complete Question
The options for the above question is
a There is not sufficient evidence to warrant rejection of the claim.
b There is sufficient evidence to warrant rejection of the claim.
c There is sufficient evidence to support the claim.
d There is not sufficient evidence to support the claim.
Answer:
Option A is correct
Step-by-step explanation:
From the question we are told that
The population mean is
$47,500
The sample size is 
The sample mean is
$48,061
The standard deviation is
$2,351
The level of significance is 
The null hypothesis is
$47,500
The alternative hypothesis is
$47,500
The critical value of
from the t-Distribution table is 
Now the test statistics is mathematically evaluated as

substituting values


Now from the values obtained we can see that
hence we fail to reject the null hypothesis
Hence there is not sufficient evidence to warrant rejection of the claim