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

question 128

Multiple Choice

TABLE 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) : ₁ = 60.35, S₁ = 3.25, n₁ = 12
Sample II (financial planning) : ₂ = 58.20, S₂ = 2.48, n₂ = 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 Table 10-15, suppose α = 0.05. Which of the following represents the result of the test on a difference in the variances?

• 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 make a decision.

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Definitions:

Protons

Positively charged particles found within an atom's nucleus.

Neutrons

Particles within an atom's nucleus that possess no electric charge and have a mass marginally higher than protons.

Crystalline Structure

A crystalline structure is a unique arrangement of atoms in a crystal, characterized by repeating patterns that extend in all three spatial dimensions.

Carbon Minerals

Minerals that contain carbon as a fundamental component, essential for the formation of life and organic compounds.