QUESTION 7 According the the U.S. Department of Education, full-time graduate students receive an average salary of $15,000 with a standard deviation of $1,200. The dean of graduate studies at a large...

According the the U.S. Department of Education, full-time graduate students receive an average salary of $15,000 with a standard deviation of $1,200. The dean of graduate studies at a large state university in PA claims that his graduate students earn more than this. He surveys 100 randomly selected students and finds their average salary is $16,000. Use a significance level of 0.05 to test if there is evidence that the dean's claim is correct.

Do you retain or reject the null hypothesis?