Essay
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,what is the critical value for testing whether there is evidence of a difference in the variances at the 5% level of significance?
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