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The summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions are provided. Test
The summary statistics for the starting annual salaries (in thousands of dollars) for individuals entering the public accounting and financial planning professions are provided. Test whether the mean starting annual salaries for individuals entering the public accounting professions is higher than that of financial planning assuming that the two population variances are the same. Suppose a = 0.01. What is the result of the relevant hypothesis test? Sample I (public accounting): X, = 60.35, S, = 3.25, n, = 12 Sample II (financial planning): X2 = 58.20, $2 = 2.48, n2 = 14 O A. The null hypothesis is rejected. O B. The alternative hypothesis is rejected. O C. The null hypothesis is not rejected. O D. Insufficient information exists on which to decide
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