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Finding value of the sample test statistic

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The dean of a nursing school claims that the average starting salary of its 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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The solution depicts the methodology to calculate value of sample test statistic.

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Ho=average starting salary is equal to 60
H1= average starting salary is more than 60

Standard ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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