The dean of a nursing school claims that the average starting salary of its graduates is more than 60 (in $000’s). It is known that the population standard deviationis 10 (in $000’s). Sample dataon the starting salaries of 64 randomly selected recent graduates yielded a meanof 62 (in $000s). What is the value of the sample test statistic?
Ho=average starting salary is equal to 60
H1= average starting salary is more than 60
The solution depicts the methodology to calculate value of sample test statistic.