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 = 0.01. Which of the following represents the correct conclusion?
Definitions:
Balance Sheet
A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the company's financial position.
Foreign Exchange Gain
Profit derived from the appreciation of one currency against another in the context of foreign exchange trading or transactions.
Foreign Exchange Loss
A loss resulting from the devaluation of the home currency against a foreign currency in transactions.
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