FInu the p-Value. (Round your answer to four decimal places.) p-value = What is your conclusion? O Do not reject H. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho: There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Do not reject H. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject H: There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. (b) What are the sample median annual salaries (in $) for the two professions? Public Accountants sample median = $ Financial Planners sample median = $
FInu the p-Value. (Round your answer to four decimal places.) p-value = What is your conclusion? O Do not reject H. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho: There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Do not reject H. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject H: There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. (b) What are the sample median annual salaries (in $) for the two professions? Public Accountants sample median = $ Financial Planners sample median = $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
Related questions
Question
Transcribed Image Text:Find the p-value. (Round your answer to four decimal places.)
p-value =
What is your conclusion?
O Do not reject Ho: There is sufficient evidence to conclude that there is a significant difference between the
starting annual salaries of public accountants and financial planners.
O Reject Ho: There is not sufficient evidence to conclude that there is a significant difference between the starting
annual salaries of public accountants and financial planners.
O Do not reject H. There is not sufficient evidence to conclude that there is a significant difference between the
starting annual salaries of public accountants and financial planners.
O Reject H.: There is sufficient evidence to conclude that there is a significant difference between the starting
annual salaries of public accountants and financial planners.
(b) What are the sample median annual salaries (in $) for the two professions?
Public Accountants
sample median = $
Financial Planners
sample median = $
Transcribed Image Text:Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow.
Annual salaries are shown in thousands of dollars.
Public Accountant
Financial Planner
50.2
48.0
57.8
49.2
55.3
54.1
57.2
54.9
53.2
51.9
55.0
53.6
50.9
50.7
60.5
53.9
56.0
51.8
51.9
47.9
(a) Use a 0.05 level of significance and test the hypothesis that there is no difference between the starting annual salaries
of public accountants and financial planners.
k State the null and alternative hypotheses.
O Ho: The two populations of salaries are identical.
H: The two populations of salaries are not identical.
O Ho: The two populations of salaries are not identical.
H: The two populations of salaries are identical.
O Ho: Median salary for public accountants - Median salary for financial planners SO
H Median salary for public accountants - Median salary for financial planners > 0
O Ho: Median salary for public accountants - Median salary for financial planners > 0
H: Median salary for public accountants - Median salary for financial planners = 0
O Ho: Median salary for public accountants - Median salary for financial planners 2 0
H Median salary for public accountants - Median salary for financial planners < 0
Find the value of the test statistic.
W =
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