The median annual income for college graduates with a bachelor's degree is $37700. Data for a sample of college graduates with a bachelor's degree working in the Chicago area are shown. Use the sample of data to show Ho: median ? 37.7 and Ha: median > 37.7 for the population of college graduates with a bachelor's degree working in the Chicago area. Use a 0.05 level of significance. What is your conclusion?© BrainMass Inc. brainmass.com June 4, 2020, 2:41 am ad1c9bdddf
The solution illustrates the nonparametric test procedure-sign test. Response includes a Word and Excel document.