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The table below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions. Sample I (public accounting): x1= 60.35, S1 = 3.25, n1 = 12 Sample II (financial planning): 2= 58.20, S2 = 2.48, n2 = 14 Test whether the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning assuming that the two population variances are the same.

The table below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions. Sample I (public accounting): x1= 60.35, S1 = 3.25, n1 = 12 Sample II (financial planning): 2= 58.20, S2 = 2.48, n2 = 14 Test whether the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning assuming that the two population variances are the same.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 3GP
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SCENARIO 10-15 The table below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions. Sample I (public accounting): 1= 60.35, S1 = 3.25, n1 = 12 Sample II (financial planning): x2= 58.20, S2 = 2.48, n2 = 14 Test whether the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning assuming that the two population variances are the same. Referring to Scenario 10-15, suppose a = 0.10. Which of the following represents the correct conclusion?
Transcribed Image Text:SCENARIO 10-15 The table below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions. Sample I (public accounting): 1= 60.35, S1 = 3.25, n1 = 12 Sample II (financial planning): x2= 58.20, S2 = 2.48, n2 = 14 Test whether the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning assuming that the two population variances are the same. Referring to Scenario 10-15, suppose a = 0.10. Which of the following represents the correct conclusion?
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