TABLE 10-2 A Researcher Randomly Sampled 30 Graduates of an MBA Program

question 3

Multiple Choice

TABLE 10-2
A researcher randomly sampled 30 graduates of an MBA program and recorded data concerning their starting salaries. Of primary interest to the researcher was the effect of gender on starting salaries. Analysis of the mean salaries of the females and males in the sample is given below.



-Referring to Table 10-2, the researcher was attempting to show statistically that the female MBA graduates have a significantly lower mean starting salary than the male MBA graduates. The proper conclusion for this test is

• A) at the ? = 0.10 level, there is sufficient evidence to indicate that females have a lower mean starting salary than male MBA graduates.
• B) at the ? = 0.10 level, there is sufficient evidence to indicate a difference in the mean starting salaries of male and female MBA graduates.
• C) at the ? = 0.10 level, there is insufficient evidence to indicate any difference in the mean starting salaries of male and female MBA graduates.
• D) at the ? = 0.10 level, there is sufficient evidence to indicate that females have a higher mean starting salary than male MBA graduates.

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Definitions:

Inferior Goods

Inferior goods are types of goods whose demand decreases as the income of the consumer increases, opposite to what is observed with normal goods.

Superior Good

A type of good whose demand increases as the income of individuals increases, contrary to inferior goods.

Demand Curve

A visual chart that illustrates the connection between a product's price and the amount consumers want to purchase.

Price

The monetary value needed to obtain a product, service, or investment.