Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating dass: Finance Majors Business Analytics Majors 120 n2 = 30 x, = $48,137...

Extracted text: Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating dass: Finance Majors Business Analytics Majors 120 n2 = 30 x, = $48,137 X, = $55,417 s = $19,000 s, = $10,000 %3D %3D (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 the population mean salary for Finance majors, and let u, = the population mean salary for Business Analytics majors. Enter != for # as needed.) H.: H: (b) What is the value of the test statistic? (Use u, - p,. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value = %3D (d) What is your conclusion? O Do not reject H. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. O Reject H. We cannot 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 can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.