Suppose That You Wish to Compare the Mean Starting Salaries

Multiple Choice

Suppose that you wish to compare the mean starting salaries of students from seven different majors based on a random sample of students from these majors. There will be a total of 21 pairwise comparisons. Using the Bonferroni Correction, what significance level should you use for each hypothesis test if you want an overall significance level of 0.05? Round your answer to the nearest thousandth.

A) 0.050
B) 0.025
C) 0.007
D) 0.002