HR_​Hypothesis_​Testing

H0: μ = 6200
Ha: μ ≠ 6200

Sample Mean: 5502.763
Test Value: 6200

p-value: 2.03E-14

Decision:
Since p-value < 0.05, we reject the null hypothesis.

Conclusion:
There is significant evidence that the company's average monthly income is different from the national average of $6200.