The Tippie College of Business obtained the following results on the salaries of a recent graduating class: Business Analytics Majors Finance Majors 72₁ = 90 122 = 35 a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use a = 0.05. c. What is the p-value? df = *1 = $47,857 $1 = $17,000 Ho 1-₂-Select your answer - Ha 1-₂-Select your answer - 0 b. What is the value of the test statistic? Enter negative value as a negative number, if any. (rounded to 2 decimals) 0 p-value = d. What is your conclusion? We - Select your answer - *2 = $54,227 $2 = $13,000 (rounded down to nearest whole number) (rounded to 3 decimals) that the salaries of Finance majors are lower than the salaries of Business Analytics majors.

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I only need help on parts A, B, and C.

The Tippie College of Business obtained the following results on the salaries of a recent graduating class:
Business Analytics Majors
= 35
c. What is the p-value?
df =
Finance Majors
1₁ = 90
1 = $47,857
$1 = $17,000
a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than
the salaries of Business Analytics majors. Use α = = 0.05.
Ho: 11-1₂ Select your answer -
Ha 1-₂-Select your answer -
0
b. What is the value of the test statistic? Enter negative value as a negative number, if any.
(rounded to 2 decimals)
0
p-value=
d. What is your conclusion?
We Select your answer -
n₂ =
(rounded down to nearest whole number)
(rounded to 3 decimals)
*2 = $54,227
$2 = $13,000
that the salaries of Finance majors are lower than the salaries of Business Analytics majors.
Transcribed Image Text:The Tippie College of Business obtained the following results on the salaries of a recent graduating class: Business Analytics Majors = 35 c. What is the p-value? df = Finance Majors 1₁ = 90 1 = $47,857 $1 = $17,000 a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use α = = 0.05. Ho: 11-1₂ Select your answer - Ha 1-₂-Select your answer - 0 b. What is the value of the test statistic? Enter negative value as a negative number, if any. (rounded to 2 decimals) 0 p-value= d. What is your conclusion? We Select your answer - n₂ = (rounded down to nearest whole number) (rounded to 3 decimals) *2 = $54,227 $2 = $13,000 that the salaries of Finance majors are lower than the salaries of Business Analytics majors.
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