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,suppose α = 0.10.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 Enough evidence that the mean starting annual salaries for individuals entering 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.

Question

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,suppose α = 0.10.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 Enough evidence that the mean starting annual salaries for individuals entering 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.

Quizplus · Accepted Answer

We need to perform a two-sample t-test with equal variances. Using a calculator or software, we get a t-statistic of 0.361 and a p-value of 0.363. Since the p-value is greater than the significance level of 0.10, we fail to reject the null hypothesis. Therefore, there is not enough evidence to suggest that the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning.

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