Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars.Use Table 1 of Appendix B.Public AccountantFinancial Planner50.24958.849.256.653.158.255.954.251.95553.650.949.759.553.95751.551.948.9a. Use a .05 level of significance and test the hypothesis that there is no difference between the starting annual salaries of public accountants and financial planners.What is the mean and standard deviation of the normal distribution that can be used for this statistical test (to 2 decimals if necessary)?Meanin thousandsStandard deviationin thousandsWhat is the sum of the ranks for public accountants (to 1 decimal)? b. What is the value of the test statistic (to 2 decimals)What is the p-value for the hypothesis test (to 4 decimals)?Using a = .05, what is your conclusion?%3DConclude there is a salary difference between the two professionsC. What are the sample median annual salaries for the two professions (to 2 decimals)?Public Accountant Median$55.65in thousandsFinancial Planner Median$4in thousands51.85%24

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Description: Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars.Use Table 1 of Appendix B.Public AccountantFinancial Planner50.24958.849.

Let X denotes the starting salaries for Public accountant & Y denotes the starting salaries for…

Math

Statistics

b. What is the value of the test statistic (to 2 decimals) What is the p-value for the hypothesis test (to 4 decimals)? Using a = .05, what is your conclusion? Conclude there is a salary difference between the two professions c. What are the sample median annual salaries for the two professions (to 2 decimals)? Public Accountant Median %24 in thousands 55.65 Financial Planner Median $ 51.85 in thousands

b. What is the value of the test statistic (to 2 decimals) What is the p-value for the hypothesis test (to 4 decimals)? Using a = .05, what is your conclusion? Conclude there is a salary difference between the two professions c. What are the sample median annual salaries for the two professions (to 2 decimals)? Public Accountant Median %24 in thousands 55.65 Financial Planner Median $ 51.85 in thousands

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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