Salaries of Recent College Graduates. The Tippie College of Business obtained the following results on the salaries of a recent graduating class. LO 5   Finance Majors n1=110 ,   x1=48,537 ,s1=$18,000   Business Analytics Majors n2=30 ,    x2-55,317,     s2=$10,000   Formulate a hypothesis so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use l=0.05   What is the value of the test statistic?   What is the p-value?   What is your conclusion?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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ISBN:9780547587776
Author:HOLT MCDOUGAL
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Chapter11: Data Analysis And Probability
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Salaries of Recent College Graduates. The Tippie College of Business obtained the following results on the salaries of a recent graduating class. LO 5
 
Finance Majors n1=110 ,   x1=48,537 ,s1=$18,000
 
Business Analytics Majors n2=30 ,    x2-55,317,     s2=$10,000
 
Formulate a hypothesis so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use l=0.05
 
What is the value of the test statistic?
 
What is the p-value?
 
What is your conclusion?
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