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

question 56

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,which of the following represents the relevant hypotheses tested?

• A)H₀ : \(\mu\)₁ - \(\mu\)₂ \(\ge\) 0 versus H₁ : \(\mu\)₁ - \(\mu\)₂ \(\lt\) 0
• B)H₀ : \(\mu\)₁ - \(\mu\)₂ \(\le\) 0 versus H₁ : \(\mu\)₁ - \(\mu\)₂ \(\gt\) 0
• C)H₀ : \(\mu\)₁ - \(\mu\)₂ = 0 versus H₁ : \(\mu\)₁ - \(\mu\)₂ \(\neq\) 0
• D)H₀ : \(\mu\)₁ - \(\mu\)₂ \(\neq\) 0 versus H₁ : \(\mu\)₁ - \(\mu\)₂ = 0

---

Definitions:

Correlational

Relating to or denoting a statistical relationship between two variables, indicating how likely they are to change together.

Sample

A subset of the larger research population.

Population

The total number of individuals occupying an area or making up a whole, often analyzed in terms of size, density, and distribution.

Survey

A research method in which respondents answer pre-set questions.