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

question 49

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) : $\bar{X}$ ₁ = 60.35, S₁ = 3.25, n₁ = 12
Sample II (financial planning) : $\bar{X}$ 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, state the null and alternative hypotheses for testing whether there is evidence of a difference in the variances of the starting annual salaries.

• A) \( H_{0}: \sigma_{1}^{2}-\sigma_{2}^{2} \geq 0 \) versus \( H_{1}: \sigma_{1}^{2}-\sigma_{2}^{2}<0 \)
• B) \( H_{0}: \sigma_{1}^{2}-\sigma_{2}^{2} \leq 0 \) versus \( H_{1}: \sigma_{1}^{2}-\sigma_{2}^{2}>0 \)
• C) \( H_{0}: \sigma_{1}^{2}-\sigma_{2}^{2}=0 \) versus \( H_{1}: \sigma_{1}^{2}-\sigma_{2}^{2} \neq 0 \)
• D) \( H_{0}: \sigma_{1}^{2}-\sigma_{2}^{2} \neq 0 \) versus \( H_{1}: \sigma_{1}^{2}-\sigma_{2}^{2}=0 \)

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Definitions:

Nonracist

Describes beliefs, actions, or policies that do not manifest or support racism.

Nonageist

A principle or practice that avoids discrimination against people based on their age, particularly towards the elderly.

Goodwill

The intangible asset that arises when a business is valued at more than the sum of its tangible assets, often related to reputation, brand, or customer relationships.

Organizing Information

The act of structuring and arranging data or knowledge in a coherent and logical manner.