Question
The information below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning
The information below presents the summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions.
Sample 1 (public accounting):S1= 3.25,n1= 12
Sample 2 (financial planning):S2= 2.48,n2= 14
Note that n is sample size, and s is sample standard deviation.
We wish to determine if thepopulation variances are equalbased on the sample data. Assume that the critical value for F is 4.22 (i.e., Fcrit= 4.22).
Referring to Scenario 4, the null hypothesis is:
rejected
not rejected
both rejected and not rejected
inconclusive
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