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 = 140 n2 = 30 x1 = $48,137 x2 = $55,417 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 ? = 0.05. (Let ?1 = the population mean salary for Finance majors, and let ?2 = the population mean salary for Business Analytics majors. Enter != for ≠ as needed.) H0: μ1≥μ2 Ha: μ1<μ2 (b) What is the value of the test statistic? (Use ?1 − ?2. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value =
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 = 140 n2 = 30 x1 = $48,137 x2 = $55,417 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 ? = 0.05. (Let ?1 = the population mean salary for Finance majors, and let ?2 = the population mean salary for Business Analytics majors. Enter != for ≠ as needed.) H0: μ1≥μ2 Ha: μ1<μ2 (b) What is the value of the test statistic? (Use ?1 − ?2. Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value =
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
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 = 140
|
n2 = 30
|
x1 = $48,137
|
x2 = $55,417
|
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 ? = 0.05. (Let ?1 = the population mean salary for Finance majors, and let ?2 = the population mean salary for Business Analytics majors. Enter != for ≠ as needed.)
H0:
Ha:
μ1≥μ2
μ1<μ2
(b)
What is the value of the test statistic? (Use ?1 − ?2. Round your answer to three decimal places.)
(c)
What is the p-value? (Round your answer to four decimal places.)
p-value =
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