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A Career Counselor Is Comparing the Annual Salary of Executives

question 88

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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 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?
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?


Definitions:

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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