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

question 117

Multiple Choice

SCENARIO 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) :

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 Scenario 10-15,what additional assumption is needed for the test to be valid?

• A)The two sample sizes have to be equal.
• B)The two population sizes have to be equal.
• C)The two population means have to be the same.
• D)The population distributions of the two annual salaries have to be normal.

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Definitions:

Transductive Reasoning

A type of thinking typical in early childhood where children make inferences from specific instances to other specific instances.

Intuitive

Relating to the ability to understand or know something without conscious reasoning; instinctive.

Centrated

Focusing attention on one aspect of a situation or object while ignoring others, a concept found in Piaget's theory of cognitive development.

Irreversible

A process or event that cannot be undone or reversed once it has occurred.