A report states that the mean yearly salary offer for students graduating with accounting degrees in 2012 was $49,007. Suppose that a random sample of 60 accounting graduates at a large university who received job offers resulted in a mean offer of $49,800 and a standard deviation of $3,100. What hypotheses should be used to test whether the accounting graduates at this school are securing starting salaries greater than $49,007?
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Correct Answer:
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