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Question: Perform a hypothesis test on the following data. In 1992, the average salary of MLB players is $1…

by Essaynice Tutors | Sep 9, 2023 | statistics and probability

Perform a hypothesis test on the following data.

In 1992, the average salary of MLB players is $1248.352 (in
thousands of dollars). The standard deviation is 1240 (calculated
with salary being in thousands of dollars). The number of players
is 337.

$22,935.42 is the avg household income in 1992.

H₀= the average salary of MLB players in 1992 will be
greater than $22,935.42.

H_a= the average salary of MLB players in 1992 is NOT
greater than $22,935.42

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