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

question 138

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) : $\bar { X } _ { 1 } = 60.35 , S _ { 1 } = 3.25 , n _ { 1 } = 12$
Sample II (financial planning) : $\bar { X } _ { 2 } = 58.20 , S _ { 2 } = 2.48 , n _ { 2 } = 14$ 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 $\alpha$ = 0.01.Which of the following represents the correct conclusion?

• A)There is not enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is not higher than that of financial planning.
• B)There is not enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.
• C)There is enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.

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Definitions:

Preference Clarity Index

A measure or assessment tool designed to evaluate how clear an individual is about their preferences or choices in various situations.

Typologies

Systems of classification based on types, often used to organize concepts, personalities, or objects into distinct categories for analysis.

MBTI

Myers-Briggs Type Indicator, a personality inventory that categorizes individuals into one of 16 personality types based on their preferences in four dichotomies.

Tangible Information

Information that can be observed and measured directly, often presented in a concrete form such as data or physical evidence.