The Tippie College of Business obtained the following results on the salaries of a recent graduating class: Finance Majors Business Analytics Majors n1 = 105 n2 = 30 T1 = $48,988 E2 = $55,448 81 = $19,500 82 = $12,500 a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors aré significantly lower than the salaries of Business Analytics majors. Use a = 0.05. Select your answer - v 0. H: P1 - 42 Select your answer - v 0 b. What is the value of the test statistic? Enter negative value as a negative number, if any. (rounded to 2 decimals) c. What is the p-value? df = (rounded down to nearest whole number) p-value = (rounded to 3 decimals) d. What is your conclusion? We Select your answer - that the salaries of Finance majors are lower than the salaries of Business Analytics majors.

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The Tippie College of Business obtained the following results on the salaries of a recent graduating class:
Finance Majors
Business Analytics Majors
= Tu
105
n2 = 30
X1 = $48,988
&2 = $55,448
81 = $19,500
82 = $12,500
a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors aré significantly lower than the salaries of
Business Analytics majors. Use a = 0.05.
Ho 1 - H2
Select your answer
0.
Ha : H1 - H2
Select your answer
b. What is the value of the test statistic? Enter negative value as a negative number, if any.
(rounded to 2 decimals)
c. What is the p-value?
df :
(rounded down to nearest whole number)
p-value
(rounded to 3 decimals)
%3D
d. What is your conclusion?
We
that the salaries of Finance majors are lower than the salaries of Business Analytics majors.
Select your answer
Transcribed Image Text:The Tippie College of Business obtained the following results on the salaries of a recent graduating class: Finance Majors Business Analytics Majors = Tu 105 n2 = 30 X1 = $48,988 &2 = $55,448 81 = $19,500 82 = $12,500 a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors aré significantly lower than the salaries of Business Analytics majors. Use a = 0.05. Ho 1 - H2 Select your answer 0. Ha : H1 - H2 Select your answer b. What is the value of the test statistic? Enter negative value as a negative number, if any. (rounded to 2 decimals) c. What is the p-value? df : (rounded down to nearest whole number) p-value (rounded to 3 decimals) %3D d. What is your conclusion? We that the salaries of Finance majors are lower than the salaries of Business Analytics majors. Select your answer
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