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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 Ho: n₁ = 120 X₁ = $48,437 $₁ = $19,000 x₂ = $55,417 $₂ = $10,000 (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. (Le population mean salary for Finance majors, and let #₂ = the population mean salary for Business Analytics majors. Enter != for as needed.) H₂: n₂ = 30 (b) What is the value of the test statistic? (Use #₁ - H₂. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value= (d) What is your conclusion? O Reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Do not reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject Ho. 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.

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 Ho: n₁ = 120 X₁ = $48,437 $₁ = $19,000 x₂ = $55,417 $₂ = $10,000 (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. (Le population mean salary for Finance majors, and let #₂ = the population mean salary for Business Analytics majors. Enter != for as needed.) H₂: n₂ = 30 (b) What is the value of the test statistic? (Use #₁ - H₂. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value= (d) What is your conclusion? O Reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Do not reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject Ho. 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.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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: Ho: Finance Majors H₂ n₁ X1 = $48,437 = 120 (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.) $1= $19,000 63°F Cloudy Business Analytics Majors n₂ = 30 x₂ = $55,417 x2 S₂ = $10,000 (b) What is the value of the test statistic? (Use μ₁-2. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value = (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 H. 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. ? # 3 $ 4 1 % 5 A- T 6 ILY & fe 7 IIA U 19 8 DII 110 DDI f11 112 insert P prt sc 3 l delete backspace home num end 2:15 PM 10/9/2022 home po up 00
Transcribed Image Text: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: Ho: Finance Majors H₂ n₁ X1 = $48,437 = 120 (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.) $1= $19,000 63°F Cloudy Business Analytics Majors n₂ = 30 x₂ = $55,417 x2 S₂ = $10,000 (b) What is the value of the test statistic? (Use μ₁-2. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value = (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 H. 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. ? # 3 $ 4 1 % 5 A- T 6 ILY & fe 7 IIA U 19 8 DII 110 DDI f11 112 insert P prt sc 3 l delete backspace home num end 2:15 PM 10/9/2022 home po up 00
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