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You may need to use the appropriate technology to answer this question. Information regarding the starting salaries (in $1,000) of samples of students in
You may need to use the appropriate technology to answer this question. Information regarding the starting salaries (in $1,000) of samples of students in four different majors is given below. Major Management Marketing Finance Accounting Sample Size 13 11 10 16 Average 27 29 24 24 Sample Variance 17 6 17 B (a) Compute the overall sample mean 2 (in $1,000s). thousand (b) Set up the ANOVA table for this problem including the test statistic. (Round your mean square due to error to four decimal places and your F statistica two decimal places.) Source of Variation Sum of Squares Degrees of Freedom Mean Square Between Treatments Within Treatments (Error)) Total (c) At the 5% level of significance, determine the critical value of F. (Round your answer to two decimal places.) (d) Using the critical value approach, test to determine whether there is a significant difference in the mean starting salaries of the four majors. O we should reject H, and therefore we cannot conclude that there is a significant difference among the mean starting salaries of the four majors. (d) Using the critical value approach, test to determine whether there is a significant difference in the mean starting salaries of the four majors. We should reject H, and therefore we cannot conclude that there is a significant difference among the mean starting salaries of the four ma We should not reject H, and therefore we can conclude that there is a significant difference among the mean starting salaries of the four m We should reject Ho and therefore we can conclude that there is a significant difference among the mean starting salaries of the four majom We should not reject Ho and therefore we cannot conclude that there is a significant difference among the mean starting salaries of the fou (e) Determine the p-value and use it for the test. (Round your answer to four decimal places.) The p-value= Since this is -Select- the significance level we -Select- reject Ho. Thus we -Select- conclude that significant difference among the mean starting salaries of the four majors.
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