You may need to use the appropriate technology to answer this question. Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class: esc Ho: (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. (Let , = the population mean salary for Finance majors, and let #₂ = the population mean salary for Business Analytics majors. Enter != for as needed.). ul-u2 ≤0 H: Finance Majors Business Analytics Majors n₁ = 120 x₁ = $48,437 $1 = $19,000 ul < u2 65°F Mostly cloudy ? (b) What is the value of the test statistic? (Use #₁-H₂. Round your answer to three decimal places.) -1.998 x (c) What is the p-value? (Round your answer to four decimal places.) p-value 9973 x x (d) What is your conclusion?? Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject Ho We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. (17 @ X n₂ = 30 X₂= $55,417 S₂ = $10,000 # is ye ¹4- /$ 40 % 4- ^ 3+ & 144 * DE no obl insert prt sc delete backspace A home num + D and 1 3:12 PM O 10/9/2022 po up pq on
You may need to use the appropriate technology to answer this question. Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class: esc Ho: (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. (Let , = the population mean salary for Finance majors, and let #₂ = the population mean salary for Business Analytics majors. Enter != for as needed.). ul-u2 ≤0 H: Finance Majors Business Analytics Majors n₁ = 120 x₁ = $48,437 $1 = $19,000 ul < u2 65°F Mostly cloudy ? (b) What is the value of the test statistic? (Use #₁-H₂. Round your answer to three decimal places.) -1.998 x (c) What is the p-value? (Round your answer to four decimal places.) p-value 9973 x x (d) What is your conclusion?? Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject Ho We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. (17 @ X n₂ = 30 X₂= $55,417 S₂ = $10,000 # is ye ¹4- /$ 40 % 4- ^ 3+ & 144 * DE no obl insert prt sc delete backspace A home num + D and 1 3:12 PM O 10/9/2022 po up pq on
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:esc
You may need to use the appropriate technology to answer this question.
Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class:
Finance Majors Business Analytics Majors
72 = 30
X₂ = $55,417
Ho:
H₂
(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. (Let μ = the
population mean salary for Finance majors, and let #₂ = the population mean salary for Business Analytics majors. Enter != for # as needed.)
ul-u2 ≤0
x₁ = $48,437
$1 = $19,000
₁
65°F
Mostly cloudy
= 120
ul < u2
@
(b) What is the value of the test statistic? (Use #₁-₂. Round your answer to three decimal places.)
-1.998
X
f2
(c) What is the p-value? (Round your answer to four decimal places.)
p-value=9973
X
2
(d) What is your conclusion?
O Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
Do not reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics
majors.
Do not reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
Reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.
f3
X
X
#
$2 = $10,000
*
3
f47
*****
$
4
f5
40
%
5
f6
4-
01
6
f7
4+
&
7
fg
144
*
fg
8
(
f10
DDI
9
f12
insert
prt sc
11
delete
backspace
home
num
lock
end
3:12 PM
10/9/2022
pg up
67
pg dn
Expert Solution
Step 1
Given that
Sample sizes n1=120 , n2=30
Sample means X̄1=48437 , X̄2=55147
s1 = 19000 , s2=10000
Step by step
Solved in 3 steps with 2 images
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