It is believed that the average starting salary for a 21-25 year old college grad exceeds $52,000 per year. Hence, it is desired to test H0: µ ≤ 52,000 versus H1 : µ > 52,000. Assume σ = $5,745 and a SRS of size 65 is taken. We reject H0 when X > 53,460. The significance level α is:

The significance level α is 0.02.

Step-by-step explanation:

A hypothesis test for single mean can be performed to determine whether the average starting salary for a 21-25 year old college grad exceeds $52,000 per year.

The hypothesis is defined as follows:

H₀: The average starting salary for a 21-25 year old college grad does not exceeds $52,000 per year, i.e. µ ≤ 52,000.

Hₐ: The average starting salary for a 21-25 year old college grad exceeds $52,000 per year, i.e. µ > 52,000.

The information provided is:

σ = $5,745

n = 65

Also, if then the null hypothesis will be rejected.

Here, we need to compute the value of significance level α, the type I error probability.

A type I error occurs when we reject a true null hypothesis (H₀).

That is:

α = P (type I error)

α = P (Rejecting H₀| H₀ is true)

*Use a z-table for the probability.

Thus, the significance level α is 0.02.

to plot points   for x just start at the origin (middle) and go to the left however many times it say(if the number is a positive) if the number is a negative then go right however many times it says if it is 0 go nowhere

now keep you pencil there and go up however many times it says on y(if it is positive) if it is negative then go down however many times it says. if it says 0 go nowhere.

you have just plotted a point! now when you finish plotting all of them connect them with a ruler

plot each point as (-3, 7), (0,4), (3,1), (8,-4)   in the parenthesis on the left of the comma is x and the right is y.