Solved: Give an interpretation of the decision, Basic Statistics

Give an interpretation of the decision

Discussion:

Q: A hospital human resources manager finds that the local average starting salary for nurses is $24,000. She randomly samples 10 nurse's salaries at the hospital and calculates a mean of $23,450 and a standard deviation of $400.

RQ: Is the average starting salary for nurses in her hospital at $24,000 with a 95% confidence level?

1. Choose the Hypothesis

Ho:
H1:

2. Specify the Decision Rule

3. Calculate the Test Statistic & P-value

4. Make the Decision

5. Give an interpretation of the Decision

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Basic Statistics: Give an interpretation of the decision

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Basic Statistics: Give an interpretation of the decision

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