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 = 120 n2 = 30
X1 = $45,137 X2 - $55.417 5
1 = $19,000 1 = $10,000
A) Formulate hypothes so that, the nullypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use the alpha = 0.05.
B) What is the value of the test statistics.
C) What is the p-value.
D) What is your conclusion?
1. Do not reject H0. We cannot conclude that series for Face major are significantly lower than the aim of Analytics majors.
2. Do not reject H0. We can conclude that salaries for Finance majors are significantly lower than the sales of Business Analytics majors.
3. Reject H0. We cannot conclude that salaries for Finance majors are significantly lower than the sales of Business Analytics majors.
4. Reject H0. We can conclude that salaries for Finance majors are significantly lower than the sales of Business Analytics majors.