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

question 50

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 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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