Question
A study of recent graduates from your school reveals that for a sample of ten accounting majors, the mean salary was $30,000 per year with
A study of recent graduates from your school reveals that for a sample of ten accounting majors, the mean salary was $30,000 per year with a sample standard deviation of $2,000. A sample of eight general business majors reveals a mean salary of $29,000 per year with a standard deviation of $1,512. At the 0.05 significance level, can we conclude accounting majors earn more?
Accounting major $33,000 $29,000 $31,000 $30,000 $32,000 $28,000 $32,000 $27,000 $28,000 $30,000 General Business major $30,000 $31,500 $29,000 $29,500 $28,000 $29,500 $28,000 $26,500
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