The Tippie College of Business obtained the following results on the salaries of a recent graduating class. What is the value of the test statistic? Enter negative value as a negative number, if any, rounded to 2 decimals. Find df rounded to a whole number. Find p-value rounded to 3 decimals. The Tippie College of Business obtained the following results on the salaries of a recent graduating class:- **Finance Majors** - Sample size ($ n_1 $): 130 - Mean salary ($ \bar{x}_1 $): $48,877 - Standard deviation ($ s_1 $): $16,000- **Business Analytics Majors** - Sample size ($ n_2 $): 25 - Mean salary ($ \bar{x}_2 $): $55,157 - Standard deviation ($ s_2 $): $12,000**a. Formulate hypotheses:**To determine if the salaries for Finance majors are significantly lower than those for Business Analytics majors using a significance level ($ \alpha $) of 0.05, the hypotheses are:- Null hypothesis ($ H_0 $): $ \mu_1 - \mu_2 \geq 0 $- Alternative hypothesis ($ H_a $): $ \mu_1 - \mu_2 < 0 $**b. What is the value of the test statistic?**The test statistic is calculated as: - Value: -1.85 (rounded to 2 decimal places)**c. What is the $ p $-value?**- Degrees of freedom ($ df $): 153 (rounded down to the nearest whole number)- $ p $-value: 0.033 (rounded to 3 decimal places)This result suggests that the salaries of Finance majors are significantly lower than those of Business Analytics majors at the 0.05 significance level.

Given Data : For Finance majors x̄1 = 48877.0 s1 = 16000.0 n1 = 130…

#1 = $48,877 a2 = $55,157 81 = $16,000 82 = $12,000 a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salar Analytics majors. Use a = 0.05. Zr1 – 171 : 0H Ha : H1 – H2 b. What is the value of the test statistic? Enter negative value as a negative number, if any. 1.85 (rounded to 2 decimals) c. What is the p-value? df = (rounded down to nearest whole number) 153 p-value = .033 (rounded to 3 decimals)

#1 = $48,877 a2 = $55,157 81 = $16,000 82 = $12,000 a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salar Analytics majors. Use a = 0.05. Zr1 – 171 : 0H Ha : H1 – H2 b. What is the value of the test statistic? Enter negative value as a negative number, if any. 1.85 (rounded to 2 decimals) c. What is the p-value? df = (rounded down to nearest whole number) 153 p-value = .033 (rounded to 3 decimals)

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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