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 n = 120 n2 = 30 X = $48,237 X, = $55,217 S= $19,000 S2 = $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. (Let µ, = the population mean salary for Finance majors, and let u, = the population mean salary for Business Analytics majors. Enter != for + as needed.) Ho: (b) What is the value of the test statistic? (Use u, - Hy. 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 Do not reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Reject Ho. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Do not reject H. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Reject Ho. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.

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2-Proportion Test

In a 2-proportion test, two separate proportions are measured at the same time, and their similarity is evaluated. It is also known as a 2-proportion z-test, and a comparison of two different proportions is done in this method.