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Recent evidence suggests that graduating from college during bad economic times can impact the graduate's earning power for a long time [nancial Times, June 1,

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Recent evidence suggests that graduating from college during bad economic times can impact the graduate's earning power for a long time [nancial Times, June 1, 2012}. An associate dean at a prestigious college wants to determine if the starting salary of his college graduates has declined from 2008 to 2010. He expects the variance of the salaries to be different between these two years. The data are shown in the accompanying table and are contained in the accompanying Excel file. {You may nd it useful to reference the appropriate table: 2 table or t table) salary 299' ism-law 2m 9') salary 29:9 urn-Salary 2919 (is)? 39,999 31,999 45,999 45,999 59,999 55,999 43,999 31,999 55,999 31,999 32,999 52,999 54, 999 45, 999 54, 999 55, 999 54,999 55,999 53,999 31,999 43,999 33,999 49,999 55,999 52,999 41,999 25,999 59,999 59,999 55,999 55,999 41,999 49, 999 59, 999 54, 999 52, 999 41,999 42,999 33,999 45,999 53, 999 39, 999 51, 999 49, 999 59,999 22,999 49,999 52,999 35,999 39,999 52,999 29,999 42,999 55,999 52,999 43,999 39,999 53,999 59,999 55,999 41,999 19, 999 52, 999 21, 999 59,999 34,999 49,999 49,999 49,999 54,999 52,999 39,999 53,999 43,999 45,999 59,999 49,999 24,999 44,999 51,999 Click here for the Excel Data File Let Sample 1 be the sample of the starting salary of college graduates in 2008 and Sample 2 be the sample of the starting salary of college graduates in 2010. a. Specify the competing hypotheses that determine whether the starting salary of college graduates has declined from 2008 to 2010. OH9=#1-#2=9:HA=91-#2*0 OHB:p1p228;HA:p1p20

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