Salaries for Actuaries Nationwide graduates entering the actuarial field earn $40,000. A college placement officer feels that this number is too low. She surveys 36 graduates entering the actuarial field and finds the average salary to be $41,000. The population standard deviation is $3000. Can her claim be supported at

a = 0. 05?​

Answers

Answer 1

We can rule out the null hypothesis, allowing her assertion to stand because the value of P is less than 0.05(P<0.05) if the salaries for actuaries Nationwide graduates entering the actuarial field earn $40,000.

What is Z-test?

The Z test is a parametric procedure that is used on data that is dispersed in a normal fashion. For testing hypotheses, the z test can be used on one sample, two samples, or proportions. When the population variance is known, it analyzes if the means of two big groups are dissimilar.

We have Salaries for actuaries Nationwide graduates entering the actuarial field earn $40,000.

Let's suppose the null hypothesis is H0

[tex]\rm H0: \mu = 40,000\\[/tex]

An alternative hypothesis is H1

[tex]\rm H1: \mu > 40,000[/tex]

Using Z-test

[tex]\rm Z_{test} = \frac{X' - \mu}{{\sigma} }[/tex]

We have

X' = 41,000, [tex]\mu = 40,000[/tex], and [tex]\sigma = 500[/tex],

[tex]\rm Z_{test} = \frac{41000-40000}{{500}}[/tex]

[tex]\rm Z_{test} = \frac{1000}{500 }[/tex]

[tex]\rm Z{test }= 2[/tex]

P-value from the Z-table for [tex]\rm Z{test }= 2[/tex]

P(Z = 2) = 0.02275

Since the value of p is less than 0.05 We can rule out the null hypothesis, allowing her assertion to stand.

Thus, we can rule out the null hypothesis, allowing her assertion to stand because the value of P is less than 0.05(P<0.05) if the salaries for actuaries Nationwide graduates entering the actuarial field earn $40,000.

Learn more about the Z-test here:

https://brainly.com/question/15683598

#SPJ1


Related Questions


For any point on Earth's surface, its height above sea level is called its?

Answers

Answer:

The term elevation is mainly used when referring to points on the Earth's surface, while altitude or geopotential height

Explanation:

Answer: Altitude

Explanation:

Whats a scenario of an ice storm? Be specific

Answers

Answer:

well there could be many scenario's but one of them depending on how strong the ice storm is: complete blindness due to heavy snowfall, vehiceles not being able to move until snow melts or gets cleared out, extreme cold tempertaures especially in mountainess areas.

Explanation:

What is graded bedding? Where is it found? What does it tell a scientist?

Answers

Answer:

Graded bedding is a sorting of particles according to clast size and shape on a lithified horizontal plane.

Graded bedding is commonly seen in sedimentary rocks, but not all of it comes from underwater landslides.

It tells scientists that it simply identifies strata that grade upward from coarse-textured clastic sediment at their base to finer-textured materials at the top.

Mark me if possible :)

Answer:

stop using this website to cheat

Explanation:

true or false the sun is directly above phoenix arizona 35 degrees north at least once a year

Answers

The answer to your question is false

The term ______ means that the groundwater is in a confined aquifer and under enough water pressure that the water will rise some amount within a well. Multiple choice question.

Answers

Answer:

the term artesian

Explanation:

That is the term that is correct to match the paragraph.

Select on the map the states that signify president obama’s ability, in 2008, to draw support from reliably republican southern states.

Answers

The states that are considered reliably republican and yet gave President Obama support in 2008 were:

Vi-rginia. Florida. North Carolina.

Which Republican states voted for Obama?

In the 2008 elections, President Obama's victory was only possible because some republican states decided to vote for him.

These included reliably republican states such as Florida, Vi-rginia, and North Carolina.

Find out more on the 2008 elections at https://brainly.com/question/9912309.

The Hubble Space Telescope is equipped with a mirror 2.5 meters in diameter, which senses cosmic rays from ________ to __________.

Answers

Answer:

its Ultraviolet to infrared

Explanation:

watch the vid in the leason and you'll find it :D

Major earthquakes are often followed by somewhat smaller events known as______________. Group of answer choices hyposhocks aftershocks tremors foreshocks

Answers

After earthquakes happen, there will be smaller events which are known as aftershocks.

What are aftershocks?

These are smaller scale tremors that are felt after an earthquake has occured in a region.

They are usually more serious the close one is to the epicenter, and for really strong earthquakes, aftershocks can be quite dangerous.

In conclusion, option B is correct.

Find out more on aftershocks at https://brainly.com/question/1266375.

Why is the Karakoram termed "Black Gravel"?

Answers

Answer: Because the Central Asian traders had originally applied the name to the Karakoram Pass.

Explanation: hope this is it

Which border does the thousand islands bridge cross?.

Answers

Answer:

Canada --- U.S. Borders

Explanation:

Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Also remember to rate answers to help other students, While leaving thanks to answers that help you. Have a great day!

Which country is closer to Iceland: Canada or Finland?

Answers

Answer:

Finland

Explanation:

Canada to iceland=4,472 km

Finland to Iceland=2,201 km

what is southwest monsoon and how does it affect south asia

Answers

Answer:

In South Asia, the monsoons strike every year and affect people because the floods destroy thousands of homes and lives.

Monsoons affect the Indian subcontinent, where it is one of the oldest and most anticipated weather phenomena and an economically significant pattern every year from June through September.

Floods may cause massive displacement of populations across Pakistan, India, Bangladesh and Nepal. It also destructs homes, livelihoods and agricultural cropland.

Explanation:

The edges of three tectonic plates come together in _______ causing a great amount of volcanic activity.

Answers

The edges of three tectonic plates come together in _____________ _________causing a great amount of volcanic activity

Southeast Asia

Answer:

The answer is Southeast Asia

Explanation:

The edges of three tectonic plates come together in Southeast Asia causing a great amount of volcanic activity.

Which statement correctly describes a feature of the rock cycle? rocks are preserved through the process. rocks change from one type to another. different rock groups are not related to one another. the rock cycle follows a specific order.

Answers

Answer: The answer is B. Rocks change from one type to another.

Explanation:

The rocks change from one type to another. Thus, the second statement correctly describes a feature of the rock cycle.

What is a rock cycle?

The three main kinds of rock—igneous, metamorphic, and sedimentary—are formed and decomposed according to various applications of heat and pressure over time, and this process-based network is known as the rock cycle.

For instance, when heat and pressure are applied to solid rock shale, slate is the result. The granite undergoes further metamorphosis until it becomes gneiss with increasing heat and pressure. The rock will fully melt if heated any higher, then reform as an igneous rock.

The granite undergoes further metamorphosis until it becomes gneiss with increasing heat and pressure. The rock will fully melt if heated any higher, then reform as an igneous rock.

Therefore, in a rock cycle, rocks change from one type to another.

To learn more on rock cycle, click here:

https://brainly.com/question/29767269

#SPJ5

When conditions in an environment
change rapidly, organisms must
[BLANK] or move.

Answers

Answer:

Adapt

Explanation:

They must adapt, or be able to change their behavior to survive in that environment, or they will be forced to move elsewhere for resources to survive.

All of the following statements about worldwide patterns of development are correct EXCEPT

A. Per capita income in the United States is higher than in China

B the gap in per capita income between rich and poor countries has increased over time

C on average, population growth is higher in peripheral countries than in core states

D. The largest concentration of the least-developed countries in the world today is in Latin America

E. Several Asian countries, so-called Asian tigers, made enormous strides (improvements) in per capita income and levels of development in the past 40 years​

Answers

When it comes to facts about worldwide patterns of development, it is not true that D. The largest concentration of the least-developed countries in the world today is in Latin America.

Which continent has the largest concentration of developing countries?

The continent of Africa has 54 countries with 46 of them being classified as least-developed countries.

This means that Africa has the highest concentration of least-developed countries and not Latin America.

Find out more on least-developed countries at https://brainly.com/question/1308790.

Multiple-choice.European colonization of Africa was mainly a result of Europe's need for ___

expanded marketplaces

guns

raw materials

tropical climate

Answers

raw materials........

When glaciers retreat, they leave behind huge blocks of ice. When these ice blocks melt, they can form kettle lakes. Why is it important for sediment to build up around the ice blocks in order for kettle lakes to form

Answers

Answer:

Without the sediment, the water would not be able to stay contained.

Explanation:

Which term is used to describe the different depth areas of the oceans?

Answers

Answer:

Bathymetry

Explanation:

Bathymetry (/bəˈθɪmətri/; from Ancient Greek βαθύς (bathus) 'deep', and μέτρον (metron) 'measure') is the study of underwater depth of ocean floors (seabed topography), lake floors, or river floors. In other words, bathymetry is the underwater equivalent to hypsometry or topography.

What occurs after sunset, when the land cools more rapidly than large bodies of water such as the sea and the cooler air over the land flows seaward

Answers

Answer:

The moon comes out after sunset it cools the land and the moon can make water rise or slim down

Explanation:

PLS HELP I'll mark the best answer brainliest

DON'T PUT ANY LINKS!!!! pls and thank you U-U

Sarah took two pancakes and put the cut edge just on top of the other cut edge so that the edge of one sits over the edge of the other. Then she pushed the two halves together slowly. Describe what happens and tell what type of mountain range this represents.​

Answers

Answer:

When she pushes the two halves of pancakes slowly, I think the 2 pancakes won't fall down.

Explanation:

....

Narrow body of water separating turkey from europe.

Answers

Answer:

The Dardanelles is a strait, or narrow body of water, that connects the Aegean Sea and the Sea of Marmara in Turkey. It also separates the continent of Europe from the westernmost tip of Asia Minor.

Streams in dry regions may ____________ water to groundwater through high-permeability materials that make up the stream banks and streambed.

Answers

Answer:

'lose'

Explanation:

Why is the global community trying to prevent climate change? List 3 reasons

Answers

First Reason:

Delayed efforts to mitigate either carbon dioxide or short-lived climate pollutant emissions will have negative, and potentially irreversible, consequences for global warming, rising sea levels, food security, and public health.

Second Reason:

Due to their relatively short lifetime in the atmosphere, ranging from a few days to a few decades, reducing short-lived climate pollutants can rapidly slow the rate of global temperature rise, complement efforts to mitigate carbon dioxide emissions and keep warming below 2°C.

Third Reason:

The Climate and Clean Air Coalition’s measures can cut methane emissions by at least 40% and black carbon by up to 70% by 2030, and virtually eliminate (99.5%) high-global warming potential hydrofluorocarbons altogether by 2050 (all compared to 2010 levels).

The increasing economic, cultural, political, and social connections between people around the world is called __________.
A.
the world marketplace
B.
socialization
C.
connectivity
D.
globalization

Please select the best answer from the choices provided.

Answers

Answer: globalization

Explanation:

The increasing economic, cultural, political, and social connections between people around the world is called globalization.

Globalization can be describe to be the increasing economic, cultural, political, and social connections between people around the world.

How does globalization connect people?

The idea of globalization helps to connect ideas and skills all over the world.

It makes it easier for people to be able to communicate across countries as well as move goods across the globe.

Read more on globaliation here: https://brainly.com/question/1133228

What is the odd one out? Explain. Finns, Azeris, Armenians, or Russians?

Answers

Answer:

c

Explanation:

why is the west coast of the united states at more of a risk for tsunamis than the east coast?​

Answers

Answer:

There are more landslides, both under and above the water, and this makes the tsunamis form

Explanation:

Living on reclaimed land in mexico city has provided __________. a. new benefits and new dangers b. new benefits and no dangers c. limited opportunities for agriculture d. few benefits, due to flooding dangers

Answers

The fact that people are now living on reclaimed land in Mexico City has provided a. new benefits and new dangers.

What are the benefits of living on reclaimed land?

As a result of land being reclaimed in Mexico City, there is less population congestion which has led to improved health, and a decline in the spread of harmful animals like rodents and pests.

However, there have been dangers as well because reclaimed land can be prone to flooding dangers.

Find out more on reclaiming land at https://brainly.com/question/26691875.

Answer:

A on edge

Explanation:

took the test

A magnetic ______ can be used to explore for minerals that cannot be seen because the deposit is hidden underground.

Answers

A magnetic survey can be used to explore for minerals that cannot be seen because the deposit is hidden underground.

What is Magnetic Survey?

Magnetic surveying is one of the methods used in archaeological geophysics.

This involves the measurement of and recording of Spartial variations in the earth's magnetic field.

Magnetic survey is also in search for mineral-bearing ore bodies or even oil-bearing sedimentary structures.

Learn more about minerals at https://brainly.com/question/538256

HELPPPPPPP

All of the following were results of European colonization of Central Africa except _____. " A) Africans were forced to work on plantations. B) Europeans controlled the government of Central Africa. C) European countries made little economic gain from the colonies. Eliminate D) Millions of Africans died in the Congo due to mistreatment

Answers

Answer:

c

Explanation:

Answer:

Europeans controlled the government of Central Africa

Africans were forced to work on plantations

Millions of Africans died in the Congo due to mistreatment

Explanation:

k12

Other Questions
Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments are $528. 60. She made payments for one year and has paid the principal down to $37,546. 36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round final answer to nearest dollar)? When a country that imported a particular good abandons a free-trade policy and adopts a no-trade policy,. I speak Spanish and I don't understand this Where is Lincoln Park Zoo located?( will give brainlist)Chicago, IllinoisNew York, New YorkHoboken, New JerseyDetroit, Michigan under what temperature will volume of gas at 0 degree celcius double itself if the pressire is kept constant ???? Atyler has a points card for a movie theater.he receives 75 rewards points just for signing up. he earns 10.5 points for each visit to the movie theater.he needs 180 points for a free movie ticket..ahow many visits must tyler make to earn a free movie ticket? Math 8: One-step equations word problems (writing algebraic expressions) HELPPP!!!Discounting items on your restaurants menu has a time and place but should be done as frequently as possible.A. TrueB. False Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. Calculate the US Real GDP for 2010. What is the moment of inertia (in units of gcm2) of an aluminum disk of radius 8.7 cm and thickness 3.0 mm spinning around its symmetry axis Fill in the table using this function rule.y=3x+3 Please answer quickly! 1 +5x2 + (1 + 3) to the second power Read the following excerpt from "the walrus and the carpenter" by lewis carroll.the walrus and the carpenterwere walking close at hand;they wept like anything to seesuch quantities of sand:"if this were only cleared away,"they said, "it would be grand!" (In the following questions, substitute the noun in parentheses in the sentence and write the new sentence with the changes.) A cyclist rides her bike at a speed of 27 kilometers per hour. What is this speed in kilometers per minute? How many kilometers will the cyclist travel in 20 minutes? Which beak below would most likely help a bird eat meat? what is x > 7 j don't get it pls help me Why did the British colonize Australia? Why did the southern states decide to secede after the election of 1860?.