Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars. Public Accountant Financial Planner 51.2 57.8 57.3 58.2 53.2 55.0 51.9 58.5 57.0 52.9 49.0 50.2 54.1 54.9 52.9 53.6 Find the value of the test statistic. W = 137.5 49.7 53.9 52.8 48.9 (a) Use a 0.05 level of significance and test the hypothesis that there is no difference between the starting annual salaries of public accountants and financial planners. State the null and alternative hypotheses. Ho: Median salary for public accountants - Median salary for financial planners ≤ 0 H: Median salary for public accountants - Median salary for financial planners > 0 O Ho: The two populations of salaries are identical. H: The two populations of salaries are not identical. O Ho: Median salary for public accountants - Median salary for financial planners 20 H: Median salary for public accountants - Median salary for financial planners < 0 O Ho: Median salary for public accountants - Median salary for financial planners > 0 H: Median salary for public accountants - Median salary for financial planners 01 O Ho: The two populations of salaries are not identical. H: The two populations of salaries are identical.. Find the p-value. (Round your answer to four decimal places.) p-value 0.0283 ✓ What is your conclusion? O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. (b) What are the sample median annual salaries (in $) for the two professions? sample median $ 56 = X Public Accountants Financial Planners sample median = $52.85 X
Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars. Public Accountant Financial Planner 51.2 57.8 57.3 58.2 53.2 55.0 51.9 58.5 57.0 52.9 49.0 50.2 54.1 54.9 52.9 53.6 Find the value of the test statistic. W = 137.5 49.7 53.9 52.8 48.9 (a) Use a 0.05 level of significance and test the hypothesis that there is no difference between the starting annual salaries of public accountants and financial planners. State the null and alternative hypotheses. Ho: Median salary for public accountants - Median salary for financial planners ≤ 0 H: Median salary for public accountants - Median salary for financial planners > 0 O Ho: The two populations of salaries are identical. H: The two populations of salaries are not identical. O Ho: Median salary for public accountants - Median salary for financial planners 20 H: Median salary for public accountants - Median salary for financial planners < 0 O Ho: Median salary for public accountants - Median salary for financial planners > 0 H: Median salary for public accountants - Median salary for financial planners 01 O Ho: The two populations of salaries are not identical. H: The two populations of salaries are identical.. Find the p-value. (Round your answer to four decimal places.) p-value 0.0283 ✓ What is your conclusion? O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. (b) What are the sample median annual salaries (in $) for the two professions? sample median $ 56 = X Public Accountants Financial Planners sample median = $52.85 X
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
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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.
Public Accountant
51.2
57.8
57.3
58.2
53.2
55.0
51.9
58.5
57.0
52.9
Financial Planner
49.0
50.2
54.1
54.9
52.9
Find the value of the test statistic.
W = 137.5
53.6
49.7
53.9
52.8
48.9
(a) Use a 0.05 level of significance and test the hypothesis that there is no difference between the starting annual salaries of
public accountants and financial planners.
State the null and alternative hypotheses.
O Ho: Median salary for public accountants - Median salary for financial planners ≤ 0
H₂: Median salary for public accountants - Median salary for financial planners > 0
Ho: The two populations of salaries are identical.
H₂: The two populations of salaries are not identical.
O Ho: Median salary for public accountants - Median salary for financial planners 20
H₂: Median salary for public accountants - Median salary for financial planners < 0
O Ho: Median salary for public accountants - Median salary for financial planners > 0
H₂: Median salary for public accountants - Median salary for financial planners = 0
Ho: The two populations of salaries are not identical.
H₂: The two populations of salaries are identical.
Find the p-value. (Round your answer to four decimal places.)
p-value = 0.0283 ✓
What is your conclusion?
O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the
starting annual salaries of public accountants and financial planners.
O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting
annual salaries of public accountants and financial planners.
O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting
annual salaries of public accountants and financial planners.
● Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual
salaries of public accountants and financial planners.
(b) What are the sample median annual salaries (in $) for the two professions?
sample median = $ 56
Public Accountants
Financial Planners
sample median = $ 52.85
X
X
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