Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shówn in thousands of dollars. Use Table 1 of Appendix B. Public Accountant Financial Planner 50.2 49 58.8 49.2 56.6 53.1 58.2 55.9 54.2 51.9 55 53.6 50.9 49.7 59.5 53.9 57 51.5 51.9 48.9 a. 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)? Мean 2.72 in thousands Standard deviation 2.72 in thousands What is the sum of the ranks for public accountants (to 1 decimal)?
Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shówn in thousands of dollars. Use Table 1 of Appendix B. Public Accountant Financial Planner 50.2 49 58.8 49.2 56.6 53.1 58.2 55.9 54.2 51.9 55 53.6 50.9 49.7 59.5 53.9 57 51.5 51.9 48.9 a. 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)? Мean 2.72 in thousands Standard deviation 2.72 in thousands What is the sum of the ranks for public accountants (to 1 decimal)?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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
Transcribed Image Text: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.
А-Z
Public Accountant
Financial Planner
50.2
49
58.8
49.2
56.6
53.1
58.2
55.9
54.2
51.9
55
53.6
50.9
49.7
59.5
53.9
57
51.5
51.9
48.9
a. 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)?
Mean
$4
2.72
in thousands
Standard deviation
2.72
in thousands
What is the sum of the ranks for public accountants (to 1 decimal)?
2.72
b. What is the value of the test statistic (to 2 decimals)
2.72
What is the p-value for the hypothesis test (to 4 decimals)?
0.0065
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