The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It is anattractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFAdesignation is a more lucrative option than an MBA. He collects data on 36 recent CFAS with a mean salary of $145,000 and astandard deviation of $36,000. A sample of 47 MBAS results in a mean salary of $135,000 with a standard deviation of $24,000.Assume that H, is the population mean for individuals with a CFA designation and u, is the population mean of individuals with MBAS.(You may find it useful to reference the appropriate table: z table or t table)a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level.O Họ: 41- H2 = 0; HA: H1 - H2# 0O Ho: 1-4220; HA H1 - 42<0Ho: 1-H250; HA H1- 42>00b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediatecalculations to at least 4 decimal places and final answer to 2 decimal places.)Test statistic

For CFA : Sample Mean 1 (Xˉ1)(\bar X_1) = 145000145000 Sample Standard Deviation 1 (s1)(s_1) =…

a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level. O Ho: H1-42= 0; HA -42#0 O Ho: H1-4220; HA -42<0 Ho: -250; HA H- 42>00 b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Test statistic

a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level. O Ho: H1-42= 0; HA -42#0 O Ho: H1-4220; HA -42<0 Ho: -250; HA H- 42>00 b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Test statistic

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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The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It is an
attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA
designation is a more lucrative option than an MBA. He collects data on 36 recent CFAS with a mean salary of $145,000 and a
standard deviation of $36,000. A sample of 47 MBAS results in a mean salary of $135,000 with a standard deviation of $24,000.
Assume that H, is the population mean for individuals with a CFA designation and u, is the population mean of individuals with MBAS.
(You may find it useful to reference the appropriate table: z table or t table)
a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level.
O Họ: 41- H2 = 0; HA: H1 - H2# 0
O Ho: 1-4220; HA H1 - 42<0
Ho: 1-H250; HA H1- 42>00
b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediate
calculations to at least 4 decimal places and final answer to 2 decimal places.)
Test statistic

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