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TABLE 10-15 The Table Below Presents the Summary Statistics for the Starting

Question 195

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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) : 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) : <sub>1</sub> = 60.35,S<sub>1</sub> = 3.25,n<sub>1</sub> = 12 Sample II (financial planning) : <sub>2</sub> = 58.20,S<sub>2</sub> = 2.48,n<sub>2</sub> = 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,which of the following represents the relevant hypotheses tested? A) H<sub>0</sub> : μ<sub>1 </sub>- μ<sub>2</sub> ≥ 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2 </sub>< 0 B) H<sub>0</sub> : μ<sub>1</sub> - μ<sub>2</sub> ≤ 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2 </sub>> 0 C) H<sub>0 </sub>: μ<sub>1</sub> - μ<sub>2</sub> = 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2</sub> ≠ 0 D) H<sub>0</sub> : μ<sub>1</sub> - μ<sub>2 </sub>≠ 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2</sub> = 0 1 = 60.35,S1 = 3.25,n1 = 12
Sample II (financial planning) : 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) : <sub>1</sub> = 60.35,S<sub>1</sub> = 3.25,n<sub>1</sub> = 12 Sample II (financial planning) : <sub>2</sub> = 58.20,S<sub>2</sub> = 2.48,n<sub>2</sub> = 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,which of the following represents the relevant hypotheses tested? A) H<sub>0</sub> : μ<sub>1 </sub>- μ<sub>2</sub> ≥ 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2 </sub>< 0 B) H<sub>0</sub> : μ<sub>1</sub> - μ<sub>2</sub> ≤ 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2 </sub>> 0 C) H<sub>0 </sub>: μ<sub>1</sub> - μ<sub>2</sub> = 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2</sub> ≠ 0 D) H<sub>0</sub> : μ<sub>1</sub> - μ<sub>2 </sub>≠ 0 versus H<sub>1</sub> : μ<sub>1</sub> - μ<sub>2</sub> = 0 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,which of the following represents the relevant hypotheses tested?


A) H0 : μ1 - μ2 ≥ 0 versus H1 : μ1 - μ2 < 0
B) H0 : μ1 - μ2 ≤ 0 versus H1 : μ1 - μ2 > 0
C) H0 : μ1 - μ2 = 0 versus H1 : μ1 - μ2 ≠ 0
D) H0 : μ1 - μ2 ≠ 0 versus H1 : μ1 - μ2 = 0

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