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SCENARIO 10-15
the Table Below Presents the Summary Statistics for the Starting

Question 56

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SCENARIO 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) :
 SCENARIO 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) :   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 Scenario 10-15,which of the following represents the relevant hypotheses tested? A) H<sub>0 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub>  \ge   0 versus H<sub>1 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub>  \lt  0 B) H<sub>0 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub>  \le  0 versus H<sub>1 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub>  \gt  0 C) H<sub>0 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub> = 0 versus H<sub>1 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub>  \neq  0 D) H<sub>0 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub>  \neq  0 versus H<sub>1 </sub>:  \mu <sub>1</sub> -  \mu <sub>2</sub> = 0
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 Scenario 10-15,which of the following represents the relevant hypotheses tested?


A) H0 : μ\mu 1 - μ\mu 2 \ge 0 versus H1 : μ\mu 1 - μ\mu 2 <\lt 0
B) H0 : μ\mu 1 - μ\mu 2 \le 0 versus H1 : μ\mu 1 - μ\mu 2 >\gt 0
C) H0 : μ\mu 1 - μ\mu 2 = 0 versus H1 : μ\mu 1 - μ\mu 2 \neq 0
D) H0 : μ\mu 1 - μ\mu 2 \neq 0 versus H1 : μ\mu 1 - μ\mu 2 = 0

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