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

question 71

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, which of the following represents the relevant hypotheses tested?

• A) H₀: μ₁ - μ₂ ≥ 0 versus H₁: μ₁ - μ₂ < 0
• B) H₀: μ₁ - μ₂ ≤ 0 versus H₁: μ₁ - μ₂ > 0
• C) H₀: μ₁ - μ₂ = 0 versus H₁: μ₁ - μ₂ ≠ 0
• D) H₀: μ₁ - μ₂ ≠ 0 versus H₁: μ₁ - μ₂ = 0

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Definitions:

Similar-to-me Effect

The tendency to prefer individuals who are perceived to be similar to oneself in terms of attitudes, beliefs, and backgrounds.

Attribution/covariation Model

A psychological theory that explains how individuals infer the causes of their own and others' behavior by observing patterns of covariation.

Kelley's (1973)

Pertains to Harold Kelley's 1973 attribution theory in social psychology, which seeks to explain how individuals infer causes of behavior based on observed evidence.

People's Behavior

The actions or reactions of individuals or groups in a particular situation or context.