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...

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?

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