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

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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) : 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. ₁ = 60.35, S₁ = 3.25, n₁ = 12
Sample II (financial planning) : 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. 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?

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Definitions:

Standard Deviation

A measure of the dispersion or variability within a dataset, indicating how spread out the values are from the mean.

Coefficient Of Variation

A consistent way to quantify the variability of a probability or frequency distribution, represented as a proportion of the mean.

Range

The gap between the maximum and minimum numbers within a dataset.

College Student

An individual who is enrolled in and attending courses at a college or university.

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