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Conestoga college recently released a flyer in an attempt to… Conestoga college recently released a flyer in an attempt to recruit accounting students for their business school.  In the flyer, Conestoga college claims that the mean first year graduate salary of their accounting students is $50,000, whereas their biggest competition for accounting students, Fanshawe College, have a first year graduate salary of only $45,000. After reading Conestoga’s recruiting flyer, Fanshawe College executives believe that their own graduate salaries might have been initially incorrectly stated and as a result have conducted their own study.  Based on the sample below, at 1% level of significance is there evidence that Fanshawe’s first year accounting graduates salaries are not as claimed?Fanshawe College First Year Accounting Graduate Salaries$35,250$56,500$49,750$36,000$36,750$40,000$55,250$32,750$59,250$60,750$43,000$37,500$33,750$42,500$56,250$47,750$56,750$37,500$39,750$51,500$32,750$51,500$30,500$31,500$41,500$49,750$43,000$60,000$33,250$40,250$52,750$36,000$55,000$37,500$44,750$58,250$35,500$52,500$49,250$34,500$56,250$58,750$35,500$50,750$40,250$48,250$31,250$55,000$44,250$58,250$53,500$46,000$48,750$39,000$45,500$50,500$44,250$37,750$43,000$42,750$45,500$43,000$40,250$38,000$41,750$56,000$60,750$49,750$33,250$58,500$38,500$42,750$47,500$44,500$39,750$59,250$51,750$32,250$41,500$36,250$30,250$48,750$56,750$44,250$45,750$40,250$36,750$40,250$60,750$43,750$47,000$53,750$54,500$42,250$55,250$54,500$54,000$55,750$58,750$58,250$59,500$31,000$50,500$45,250$51,750$53,000$56,250$49,250$56,250$42,000$44,750$35,250$52,750$38,000$59,750$59,750$47,500$56,750$38,500$59,750$37,000$45,250$39,500$58,500$50,750$45,750$52,000$41,500$31,250$55,000$40,000$55,750$41,750$50,000$42,250$52,500$37,500$47,250$57,500$60,750$37,000$56,250$55,750$55,750$48,500$30,750$36,250$47,250$38,500$50,750$34,750$38,250$53,250$33,250$43,250$46,750$44,500$37,750$48,250$40,

500$49,500$56,000$57,500$58,250$35,000$53,500$60,000$34,500$47,750$38,750$53,500$36,250$47,250$60,250$36,500$51,250$59,750$43,500$42,250$60,250$30,000$57,500$58,500$40,000$33,000$59,750$33,750$42,750$49,750$46,750$48,500$40,250$52,500$44,750$49,750$50,750$31,750$44,750$51,750$56,250$49,000$44,000$45,000$42,500$37,500$48,250$46,000$41,750$47,500$59,500$50,500$56,250$34,000$31,250$46,500$40,500$49,000$57,250$45,750$37,500BLANK #1:  Is this a question involving mean or proportion?  ***ANSWER “MEAN” OR “PROPORTION” (WITHOUT THE QUOTATION MARKS)***BLANK #2:  Which type of distribution should be used to calculate the probability for this question? ***ANSWER “NORMAL”, “T”,  OR “BINOMIAL” (WITHOUT THE QUOTATION MARKS)***BLANK #3:  Which of the following options are the appropriate hypotheses for this question:  ***ANSWER WITH THE CORRECT LETTER, WITHOUT ANY QUOTATION MARKS OR BRACKETS***                                     A)  H0: µ = $45,000               H1: µ > $45,000                                  B)  H0: µ = $45,000               H1: µ < $45,000                                  C)  H0: µ = $45,000               H1: µ ? $45,000                                  D)  H0: p = $45,000               H1: p > $45,000                                  E)  H0: p = $45,000               H1: p < $45,000                                  F)  H0: p = $45,000                H1: p ? $45,000BLANK #4: What is the p-value of this sample? ***ANSWER TO 4 DECIMALS, BE SURE TO INCLUDE LEADING ZERO, EXAMPLE "0.1234"...NOT ".1234"***BLANK#5: Based on this sample, at 1% level of significance is there evidence that Fanshawe's first year accounting graduates salaries are not as claimed? ***ANSWER "YES" OR "NO" (WITHOUT THE QUOTATION MARKS)***MathStatistics and Probability STAT 4001