A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you work before receiving a raise in salary? Using the following ANOVA table, is there a difference in the mean number of months before receiving a raise among the four firms? Use the 0.01 level of significance. Analysis of Variance Source SS df MS F p Factor 31.00 3 10.33 5.44 0.008 Error 32.34 17 1.90 Total 63.34 20 a. What are the null and alternate hypotheses? H0: H1: b. What is the test statistic? (Round your answer to 2 decimal places.) c. What is the p-value? (Round your answer to 3 decimal places.) d. What is your decision regarding the null hypothesis? e. Interpret the result.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question

A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you work before receiving a raise in salary? Using the following ANOVA table, is there a difference in the mean number of months before receiving a raise among the four firms? Use the 0.01 level of significance.
 

Analysis of Variance  
Source SS df MS F p
Factor 31.00 3 10.33 5.44 0.008
Error 32.34 17 1.90    
Total 63.34 20      
 


a. What are the null and alternate hypotheses?

H0:

H1:

b. What is the test statistic? (Round your answer to 2 decimal places.)

c. What is the p-value? (Round your answer to 3 decimal places.)

d. What is your decision regarding the null hypothesis?

e. Interpret the result.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman