The Tippie College of Business obtained the following results on the salaries of a recent graduating class: Finance Majors n₁ = 100 1 = $48,452 81 = $18,000 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 a = 0.05. c. What is the p-value? df = Business Analytics Majors n₂ = 40 Ho 12 - Select your answer - Η : με – με 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) (rounded down to nearest whole number) (rounded to 3 decimals) 2= $55,612 82 = $12,000 p-value= d. What is your conclusion? We - Select your answer - that the salaries of Finance majors are lower than the salaries of Business Analytics majors.
The Tippie College of Business obtained the following results on the salaries of a recent graduating class: Finance Majors n₁ = 100 1 = $48,452 81 = $18,000 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 a = 0.05. c. What is the p-value? df = Business Analytics Majors n₂ = 40 Ho 12 - Select your answer - Η : με – με 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) (rounded down to nearest whole number) (rounded to 3 decimals) 2= $55,612 82 = $12,000 p-value= d. What is your conclusion? We - Select your answer - that the salaries of Finance majors are lower than the salaries of Business Analytics majors.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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Transcribed Image Text:The Tippie College of Business obtained the following results on the salaries of a recent graduating class:
- Select your answer -
c. What is the p-value?
df =
p-value
d. What is your conclusion?
We
- Select your answer -
=
Finance Majors
n1 = 100
0
X1
$1
(rounded down to nearest whole number)
(rounded to 3 decimals)
=
$48,452
= $18,000
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 a = : 0.05.
Ho: 1-2
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)
Business Analytics Majors
40
n₂ =
X 2
$2
$55,612
= $12,000
that the salaries of Finance majors are lower than the salaries of Business Analytics majors.
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