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

question 55

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 = 0.01.Which of the following represents the correct conclusion?

• A)There is not enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is not higher than that of financial planning.
• B)There is enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is not higher than that of financial planning.
• C)There is not enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.
• D)There is enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.

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