TABLE 10-2 A Researcher Randomly Sampled 30 Graduates of an MBA Program

question 68

Multiple Choice

TABLE 10-2
A researcher randomly sampled 30 graduates of an MBA program and recorded data concerning their starting salaries. Of primary interest to the researcher was the effect of gender on starting salaries. The result of the pooled-variance t test of the mean salaries of the females (Population 1) and males (Population 2) in the sample is given below.

-Referring to Table 10-2, the researcher was attempting to show statistically that the female MBA graduates have a significantly lower mean starting salary than the male MBA graduates. Which of the following is an appropriate alternative hypothesis?

• A) H₁: μfₑmₐlₑs > μmₐlₑs
• B) H₁: μfₑmₐlₑs < μmₐlₑs
• C) H₁: μfₑmₐlₑs ≠ μmₐlₑs
• D) H₁: μfₑmₐlₑs = μmₐlₑs

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Definitions:

Temporal Discounting

In decision making, the greater weight given to the present over the future.

Certainty Effect

A cognitive bias where people give greater weight to outcomes that are certain, compared to outcomes that are only probable.

Reactance

An inspired response to propositions, individuals, guidelines, or policies that challenge or remove certain freedoms of behavior.

Risk Aversion

In decision making, the greater weight given to possible losses than possible gains.