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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

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:

(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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