A researcher wants to test if the mean annual salary of all lawyers in a city is different from $110,000. A random sample of 50 lawyers selected from the city reveals a mean annual salary of $ 112000, Assume that σ-$16 100, and that the test is to be made at the 2% significance level What are the critical values of z? 2.33 and 2.33
2.05 and 2.05
-1.645 and 1.645
-1.28 and 1.28
What is the value of the test statistic, z, rounded to three decimal places?
What is the p-value for this hypothesis test, rounded to four decimal places?
Should you reject or fail to reject the null hypothesis in this test?