Starting Salaries. Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples summarized below. Based on previous studies, the population standard deviations for finance and MIS salaries are estimated to be $2,100 and $2,600, respectively. Use both the critical value and p-value approaches to condu
Starting Salaries. Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples summarized below. Based on previous studies, the population standard deviations for finance and MIS salaries are estimated to be $2,100 and $2,600, respectively. Use both the critical value and p-value approaches to condu
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter1: Introduction To Algebra
Section1.5: Translating Sentences Into Equations
Problem 30WE
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Starting Salaries. Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples summarized below. Based on previous studies, the population standard deviations for finance and MIS salaries are estimated to be $2,100 and $2,600, respectively.
Use both the critical value and p-value approaches to conduct the hypothesis test. At a .05 level of significance, what is your conclusion?
Transcribed Image Text:Finance
n1 = 60
X1
=
$43,200
MIS
= 50
n2
2
x2 = $46,500
=
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