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

question 157

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,suppose α = 0.01.Which of the following represents the result of the relevant hypothesis test?

• A)The alternative hypothesis is rejected.
• B)The null hypothesis is rejected.
• C)The null hypothesis is not rejected.
• D)Insufficient information exists on which to decide.

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Definitions:

Animalistic

Pertaining to the nature of animals or the essential qualities and instincts shared with animals.

Innate

Refers to qualities, abilities, or characteristics that a person is born with, not acquired through learning or experience.

Institutional Discrimination

Patterns of unequal treatment based on group membership that are built into the social, economic, and political institutions of a society.

Los Angeles

A major city located in southern California, USA, known for its entertainment industry, cultural diversity, and significant economic and demographic influence.