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

question 150

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, what additional assumption is needed for the test to be valid?

• A) The two sample sizes have to be equal.
• B) The two population sizes have to be equal.
• C) The two population means have to be the same.
• D) The population distributions of the two annual salaries have to be normal.

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Definitions:

New Nationalism

Platform of the Progressive Party and slogan of former president Theodore Roosevelt in the presidential campaign of 1912; stressed government activism, including regulation of trusts, conservation, and recall of state court decisions that had nullified progressive programs.

Women's Suffrage

The movement aimed at securing women the right to vote and run for political office, culminating in the United States with the ratification of the 19th Amendment in 1920.

Large Corporations

Business entities that operate on a large scale, often internationally, with significant economic power and influence over markets, employment, and policy.

Theodore Roosevelt

The 26th President of the United States (1901–1909) known for his progressive policies, conservation efforts, and leadership of the Rough Riders during the Spanish-American War.