Posted by Kelly on .
Employees in a large computer firm claim that the mean salary of the firm’s programmers is less than that of its competitors. The competitor’s salary is $47,000. A random sample of 30 of the firm’s programmers has a mean salary of $46,500 with a standard deviation of 5500. Calculate the test statistic for the hypothesis: Ho: mean >= 47000, H1: mean < 47000
Using the z-test formula to find the test statistic:
z = (sample mean - population mean)/(standard deviation divided by the square root of the sample size)
z = (46500 - 47000)/(5500/√30)
z = ?
Finish the calculation.