Multiple Choice
TABLE 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) : ₁ = 60.35, S₁ = 3.25, n₁ = 12
Sample II (financial planning) : ₂ = 58.20, S₂ = 2.48, n₂ = 14
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 Table 10-15, suppose α = 0.01. Which of the following represents the correct conclusion?
A) There is not enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is not higher than that of financial planning.
B) There is not enough evidence that the mean starting annual salaries for individuals exsting the public accounting professions is not higher than that of financial planning.
C) There is not enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.
D) There is enough evidence that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.
Correct Answer:

Verified
Correct Answer:
Verified
Q136: TABLE 10-6<br>To investigate the efficacy of a
Q137: In testing for differences between the means
Q138: If we are testing for the difference
Q139: TABLE 10-7<br>A buyer for a manufacturing plant
Q140: TABLE 10-8<br>A few years ago, Pepsi invited
Q142: TABLE 10-13<br>The amount of time required to
Q143: TABLE 10-9<br>The following Excel output contains the
Q144: TABLE 10-7<br>A buyer for a manufacturing plant
Q145: TABLE 10-10<br>A corporation randomly selects 150 salespeople
Q170: A researcher is curious about the effect