TABLE 10-15
The table 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 I (public accounting) : 
₁ = 60.35, S₁ = 3.25, n₁ = 12
Sample II (financial planning) : 
₂ = 58.20, S₂ = 2.48, n₂ = 14
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.
-Referring to Table 10-15, which of the following represents the relevant hypotheses tested?
A) H₀: μ₁ - μ₂ ≥ 0 versus H₁: μ₁ - μ₂ < 0
B) H₀: μ₁ - μ₂ ≤ 0 versus H₁: μ₁ - μ₂ > 0
C) H₀: μ₁ - μ₂ = 0 versus H₁: μ₁ - μ₂ ≠ 0
D) H₀: μ₁ - μ₂ ≠ 0 versus H₁: μ₁ - μ₂ = 0
Correct Answer:
Verified
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