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A career counselor is comparing the annual salary of executives in the manufacturing,finance,and engineering industries.The following table shows the sample size for each industry and the rank sum for the Kruskal-Wallis test.
a.Specify the competing hypotheses to determine whether differences exist in the median annual salary of the three industries.
B)What is the value of the Kruskal-Wallis test statistic H?
C)At the 5% significance level,what is the decision and conclusion?
Acid-test Ratio
A liquidity measure that evaluates a company's ability to pay its short-term liabilities with its most liquid assets, excluding inventory.
Current Ratio
This ratio assesses the capability of a firm to cover debts due within the next year by dividing its current assets by its current liabilities.
Year-end Information
Data or records summarizing the financial activities and status of an organization at the end of a fiscal year.
Acid-test Ratio
A financial metric that assesses a company's ability to pay its current liabilities with its most liquid assets.
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