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Complete the following chapter review exercise out of your textbook:Exercise 2: Simple Random Sample (p. 40)In this exercise, you will provide a definition of a simple random sample and answer a few questions on the topic.Submit your answers in a Word document.Access this resource by going to the MyStatLab area under the course Table of Contents menu.

Given a real-life application, develop a hypothesis test for a population parameter and its interpretation.A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:A listing of the jobs by titleThe salary (in dollars) for each jobIn prior engagements, you have already explained to your client about the basic statistics and discussed the importance of constructing confidence intervals for the population mean. Your client says that he remembers a little bit about hypothesis testing, but he is a little fuzzy. He asks you to give him the full explanation of all steps in a hypothesis testing and wants your conclusion about a claim that the average salary for all jobs in the state of Minnesota is less than $75,000.1. All problems are solved correctly.2. Complete and detailed steps are provided to explain how to solve the problem.3. Explanations demonstrate a mastery of understanding of the statistical concepts and terminology.4. All variables, equations, and expressions are properly formatted.