Starting Salaries. Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples summarized below. Based on previous studies, the population standard deviations for finance and MIS salaries are estimated to be $2,100 and $2,600, respectively. Use both the critical value and p-value approaches to condu

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Starting Salaries. Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples summarized below. Based on previous studies, the population standard deviations for finance and MIS salaries are estimated to be $2,100 and $2,600, respectively.

Use both the critical value and p-value approaches to conduct the hypothesis test. At a .05 level of significance, what is your conclusion?

 

Finance
n1 = 60
X1
=
$43,200
MIS
= 50
n2
2
x2 = $46,500
=
Transcribed Image Text:Finance n1 = 60 X1 = $43,200 MIS = 50 n2 2 x2 = $46,500 =
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