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 n1 = 140 n2 = 30 x1 = $48,337 x2 = $55,217 s1 = $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 ? = 0.05. (Let ?1 = the population mean salary for Finance majors, and let ?2 = the population mean salary for Business Analytics majors. Enter != for ≠ as needed.) H 0: H a: (b) What is the value of the test statistic? (Use ?1 − ?2. Round your answer to three decimal places.) (c) What is thep-value? (Round your answer to four decimal places.) p-value = (d) What is your conclusion? Do not rejectH 0. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.Do not rejectH 0. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. RejectH 0. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.RejectH 0. 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...

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
n₁ = 140	n₂ = 30
x₁ = $48,337	x₂ = $55,217
s₁ = $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 ? = 0.05. (Let ?₁ = the population mean salary for Finance majors, and let ?₂ = the population mean salary for Business Analytics majors. Enter != for ≠ as needed.)

H
₀:

H
_a:

(b)

What is the value of the test statistic? (Use

?₁ − ?₂.

Round your answer to three decimal places.)

(c)

What is thep-value? (Round your answer to four decimal places.)

p-value =

(d)

What is your conclusion?

Do not rejectH
₀. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.Do not rejectH
₀. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. RejectH
₀. We cannot conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.RejectH
₀. We can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors.

Jun 10, 2022

SOLUTION.PDF

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...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment