SCENARIO 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. 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 Scenario 10-15, state the null and alternative hypotheses for testing whether there is evidence of a difference in the variances of the starting annual salaries.

Question

SCENARIO 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.  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 Scenario 10-15, state the null and alternative hypotheses for testing whether there is evidence of a difference in the variances of the starting annual salaries.

Quizplus · Accepted Answer

The null and alternative hypotheses for testing whether there is evidence of a difference in the variances of the starting annual salaries are:

Null Hypothesis: The population variances for starting annual salaries for individuals entering public accounting and financial planning professions are equal.
Alternative Hypothesis: The population variance for starting annual salaries for individuals entering public accounting profession is not equal to the population variance for starting annual salaries for individuals entering financial planning profession.

SCENARIO 10-15 the Table Below Presents the Summary Statistics for the Starting