Question: Salaries of actuaries: Nationwide the average salary of actuaries who achieved the rank of fellow is $150,000. An insurance executive wants to see how this company compares with fellows within his company. He checks salaries of 8 fellows within his company he finds the average salary to be $155,000. With a standard deviation of $15,000. Can he conclude that fellows in his company make more than the national average using a= .05?

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