A report states that the mean yearly salary offer for studentsgraduating with a degree in accounting is $48,757. Suppose that arandom sample of 50 accounting graduates at a large university whoreceived job offers resulted in a mean offer of $49,880 and astandard deviation of $3500. Do the sample data provide strongsupport for the claim that the mean salary offer for accountinggraduates of this university is higher than the national average of$48,757? Test the relevant hypotheses using ? = 0.05. (Use astatistical computer package to calculate the P-value. Round yourtest statistic to two decimal places and your P-value to threedecimal places.)
t =
P-value =
