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

question 163

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 $\alpha$ = 0.10.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:

Largest Membership

Refers to the entity, organization, or group that has the highest number of registered members or participants.

Henry David Thoreau

An American author, poet, and philosopher best known for his works "Walden," a reflection upon simple living in natural surroundings, and his essay "Civil Disobedience," an argument for disobedience to an unjust state.

Market Revolution

was a period of major economic transformation in the United States during the early 19th century, characterized by rapid developments in transportation, commercialization, and industrialization, leading to the creation of a national market economy.

Walden

A book by Henry David Thoreau, published in 1854, that reflects on simple living in natural surroundings, based on his two-year experience near Walden Pond.