Question

You may need to use the appropriate appendix table or technology to answer this question Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow. Annual salaries are shown in thousands of dollars countant Financial Planner 51.2 57.8 55.3 58.2 53.2 56.0 51.9 50.0 50.2 51.9 54.6 49.7 59.5 54.9 56.0 52.8 50.9 49.9 (a) Use a 0.05 level of significance and test the hypothesis that there is no difference between the starting annual salaries of public accountants and financial planners State the null and alternative hypotheses O Ho: Median salary for public accountants - Median salary for financial planners 2 0 OHo: The two populations of salaries are not identical. O Ho: Median salary for public accountants Median salary for financial planners> 0 OHo: The two populations of salaries are identical OHo: Median salary for public accountants - Median salary for financial planners s Ha: Median salary for public accountants-Median salary for financial planners Find the value of the test statistic. Find the p-value. (Round your answer to four decimal places.) p-value- What is your conclusion? O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. ODo not reject Hor There is sufficlent evidence to conclude that there Iis a significant difference between the starting annual salarles of public accountants and financial planners 0 Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. O Reject Ho. There is sufficlent evidence to conclude that there is a significant difference between the starting annual salaries of public accountants and financial planners. What are the sample median annual salaries (in $) for the two professions? Public Accountants sample median - Financial Planners sample median-$

Answer 1

Soludton: P-value, 0.02SH SaupkN Public to b lo 0 1 anaal Minitubured Manvwwlitney poblic, fivavcial Muthod auple N median Public s6 10 Diterence Aclieve d Tep Nall Inypo thesi Not adjuted翱并冽134.50 | 0.0284 Alunted Antin | 134. SD | Ο.OR8.3

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