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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, what assumptions are necessary for testing whether there is evidence of a difference in the variances to be valid?
Cognitive Dissonance
The psychological unease felt by someone who concurrently possesses two or more conflicting beliefs, ideas, or values.
Consistent
Showing steady conformity to character, profession, belief, or custom over time.
Values
Fundamental beliefs or standards of an individual or group that guide behavior and decision making.
Mutual Empathy
A shared understanding and reciprocal feeling of empathy among individuals, fostering a sense of connection and support.
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