(b) What is the value of the test statistic? (Use u, - µg. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value = (d) What is your conclusion? O Do not reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
(b) What is the value of the test statistic? (Use u, - µg. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value = (d) What is your conclusion? O Do not reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![(b) What is the value of the test statistic? (Use µ, - µ„. Round your answer to three decimal places.)
(c) What is the p-value? (Round your answer to four decimal places.)
p-value =
(d) What is your conclusion?
O Do not reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
O Do not reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
O Reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
O Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c79ee81-6382-4028-9b72-c1423e29c1d3%2Fd308427f-a5d6-4d5b-ae4e-88af88f033b2%2Ffc6wpg5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(b) What is the value of the test statistic? (Use µ, - µ„. Round your answer to three decimal places.)
(c) What is the p-value? (Round your answer to four decimal places.)
p-value =
(d) What is your conclusion?
O Do not reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
O Do not reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
O Reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
O Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
![Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class:
Finance Majors
Business Analytics Majors
n = 140
n2 = 30
X, = $48,137
X2 = $55,417
s1 = $19,000
s, = $10,000
(a) Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly tower than the salaries of Business
Analytics majors. Use a = 0.05. (Let µ, = the population mean salary for Finance majors, and let u, = the population mean salary for Business Analytics majors. Enter
!= for # as needed.)
Ho](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c79ee81-6382-4028-9b72-c1423e29c1d3%2Fd308427f-a5d6-4d5b-ae4e-88af88f033b2%2F01puzu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class:
Finance Majors
Business Analytics Majors
n = 140
n2 = 30
X, = $48,137
X2 = $55,417
s1 = $19,000
s, = $10,000
(a) Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly tower than the salaries of Business
Analytics majors. Use a = 0.05. (Let µ, = the population mean salary for Finance majors, and let u, = the population mean salary for Business Analytics majors. Enter
!= for # as needed.)
Ho
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