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Conduct a hypothesis using the p-value method

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Suppose a large manufacturing company is concerned that it offered salaries that were too high during the tight labor market of 2018-2019. The HR department obtained a random sample of 100 employees who were hired during this time period. In the sample, the average employee had a salary of $52,000. Assume you do not know the actual population mean, but you do know that the population standard deviation is equal to $10,000. Using a significance level of 0.05, answer the questions below:

Is there enough evidence to suggest that the average salary exceeded $50,000? Conduct a hypothesis using the p-value method and interpret the result

Reference no: EM132847960

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