Finance Majors Business Analytics Majors n, = 110 X, = $48,537 s, = $18,000 n2 = 30 X = $55,317 S2 = $10,000 %3D

MATLAB: An Introduction with Applications
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Salaries of Recent College Graduates. The Tippie College of Business obtained the following results on the salaries of a recent graduating class:

a. Formulate hypothesis 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 = .05.

b. What is the value of the test statistic?

c. What is the p-value?

d. What is your conclusion?

 

Finance Majors
Business Analytics Majors
n, = 110
X, = $48,537
s, = $18,000
n2 = 30
X = $55,317
S2 = $10,000
%3D
Transcribed Image Text:Finance Majors Business Analytics Majors n, = 110 X, = $48,537 s, = $18,000 n2 = 30 X = $55,317 S2 = $10,000 %3D
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