​It's tough to find out how much people​ earn, but in​ 2011, amagazine reported that the average​ lawyer's salary in a countrywas $64,000. Suppose that today you interview a random sample of 55lawyers in the country and find that the average salary is$75,275​, with a standard deviation of $82,694.Do you think theaverage​ lawyer's salary today is higher than that reported by themagazine in​ 2011? For this​ problem, assume alphaαequals=0.05.
Let muμ be the population mean​ lawyer's salary in thecountry.
Determine the null and alternative hypotheses.
H0 : u = 64,000
HA : u > 64,000
Test statistic is 1.01
What is the P-Value?
