A Researcher Randomly Sampled 30 Graduates,18 Males and 12 Females,of

question 175

Multiple Choice

A researcher randomly sampled 30 graduates,18 males and 12 females,of an MBA program and recorded data concerning their starting salaries.Of primary interest to the researcher was the effect of gender on starting salaries.Statistics of the mean salaries of the females and males in the sample were computed.The sample standard deviations suggest that the variability of starting salaries of the two groups is almost the same.Suppose the starting salaries from both groups can be considered as normally distributed.Which of the following tests will be the most appropriate?

• A)Pooled-variance t test.
• B)Separate-variance t test.
• C)Paired t test.
• D)Wilcoxon rank sum test.

Calculate the principal amount of a loan or investment given the interest rate and time period.

Identify the amount of money that can be withdrawn from an account to still achieve a desired monthly interest income.

Understand the concept of equivalent value over different time periods considering the interest rate.

Analyze the financial advantage of making early payments or deferring payments considering the interest rate.

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Definitions:

RRSPs

Registered Retirement Savings Plans, a type of financial account in Canada for holding savings and investment assets to support retirement.

Reduced Pension

A retirement plan that provides beneficiaries with lower benefits than originally anticipated or agreed upon.

Contributory Pension Plans

Retirement plans where both the employer and employees contribute to the fund that will be used to provide retirement benefits to the employees.

Contributions

The act of giving or adding to something larger, often refers to financial contributions in a business or investment context but can also apply to contributions of time, effort, or resources.