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Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars. Public

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Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars. Public Accountant | Financial Planner 51.2 48.0 58.8 48.2 55.3 52.1 58.2 56.9 53.2 51.9 56.0 52.6 51.9 48.7 19.5 53.9 58.0 51.8 52.9 47.9 (a) Use a 0.05 level of significance and test the hypothesis that there is no difference between the starting annual salaries of public accountants and financial planners. State the null and alternative hypotheses. O Ho: The two populations of salaries are identical Ha: The two populations of salaries are not identical. O Ho: Median salary for public accountants - Median salary for financial planners 2 0 Ha: Median salary for public accountants - Median salary for financial planners 0 Ha: Median salary for public accountants - Median salary for financial planners = 0 O Ho: The two populations of salaries are not identical. Ha: The two populations of salaries are identical. O Ho: Median salary for public accountants - Median salary for financial planners = 0 Ha: Median salary for public accountants - Median salary for financial planners > 0 Find the value of the test statistic. W = Find the p-value. (Round your answer to four decimal places.) p-value = What is your conclusion? O Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. (b) What are the sample median annual salaries (in $) for the two professions? Public Accountants sample median = $ Financial Planners sample median = $

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