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:

Forward Trade

A financial agreement to buy or sell an asset at a predefined price on a specified future date, commonly used in foreign exchange and commodities markets.

Hong Kong Dollars

The officially recognized money in Hong Kong, known as HKD.

Forward Rate

The future interest rate agreed upon in a forward contract or derived from a forward curve, representing yield on a future investment period.

Required Rate

The minimum expected rate of return on an investment that an investor demands, taking into account the risk level of the investment.