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Mathematics, 17.02.2020 18:32 lori90
Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class: Finance Majors Business Analytics Majors n1 = 120 n2 = 30 x1 = $48,337 x2 = $55,217 s1 = $19,000 s2 = $10,000 (a) Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use α = 0.05. (Let μ1 = the population mean salary for Finance majors, and let μ2 = the population mean salary for Business Analytics majors. Enter != for ≠ as needed.) H0: $$ Correct: Your answer is correct. Ha: $$ Correct: Your answer is correct. (b) What is the value of the test statistic? (Use μ1 − μ2. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.)
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Suppose a certain state university's college of business obtained the following results on the salar...
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