Suppose a certain state university's college of business obtained the following results on the salaries of a recent grad
Posted: Mon Nov 15, 2021 11:12 am
Suppose a certain state university's college of business
obtained the following results on the salaries of a recent
graduating class:
n1 = 140
n2 = 30
x1 = $48,437
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 𝛼 = 0.05. (Let 𝜇1 = the
population mean salary for Finance majors, and
let 𝜇2 = the population mean salary for
Business Analytics majors. Enter != for ≠ as needed.)
H0:
Ha:
obtained the following results on the salaries of a recent
graduating class:
n1 = 140
n2 = 30
x1 = $48,437
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 𝛼 = 0.05. (Let 𝜇1 = the
population mean salary for Finance majors, and
let 𝜇2 = the population mean salary for
Business Analytics majors. Enter != for ≠ as needed.)
H0:
Ha: