The Tippie College of Business obtained the following results on the salaries of a recent graduating class: ### Salary Analysis for Finance and Business Analytics MajorsThe Tippie College of Business collected the following data on the salaries of a recent graduating class:- **Finance Majors:** - Sample size ($ n_1 $) = 130 - Average salary ($ \bar{x}_1 $) = $48,877 - Standard deviation ($ s_1 $) = $16,000- **Business Analytics Majors:** - Sample size ($ n_2 $) = 25 - Average salary ($ \bar{x}_2 $) = $55,157 - Standard deviation ($ s_2 $) = $12,000#### Hypothesis Formulationa. Formulate hypotheses with the significance level $ \alpha = 0.05 $:- Null Hypothesis ($ H_0 $): $ \mu_1 - \mu_2 \geq 0 $- Alternative Hypothesis ($ H_a $): $ \mu_1 - \mu_2 < 0 $#### Statistical Analysisb. Calculate the test statistic value, ensuring negative values are correctly noted. Round your answer to 2 decimal places.c. Determine the p-value:- Calculate degrees of freedom ($ d.f $), rounding down to the nearest whole number.- Calculate the p-value, rounding to 3 decimal places.#### Conclusiond. Analyze the results and conclude whether:- You conclude - You cannot conclude ...that the salaries of Finance majors are lower than those of Business Analytics majors.Please use the dropdown menu to select your conclusion based on the statistical analysis.

a. Assume that the observations are independent. Further, the population variances are not…

Answered: The Tippie College of Business obtained…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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