TABLE 10-15 The Table Below Presents the Summary Statistics for the Starting

question 174

Multiple Choice

TABLE 10-15
The table below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions.
Sample I (public accounting) : ₁ = 60.35, S₁ = 3.25, n₁ = 12
Sample II (financial planning) : ₂ = 58.20, S₂ = 2.48, n₂ = 14
Test whether the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning assuming that the two population variances are the same.
-Referring to Table 10-15, suppose α = 0.10. Which of the following represents the result of the relevant hypothesis test?

• A) The alternative hypothesis is rejected.
• B) The null hypothesis is rejected.
• C) The null hypothesis is not rejected.
• D) Insufficient information exists on which to make a decision.

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Definitions:

Cooperative

A business or organization owned and operated for the mutual benefit of its members, who share in its profits or benefits.

Unassertive

Characterized by a lack of confidence and a hesitancy to express one's own needs, desires, or opinions.

Cooperativeness

The willingness to work together towards a common goal, showing flexibility and consideration for the needs of others.

Own Needs

Individual requirements or desires that motivate behavior and decision-making to achieve personal satisfaction.