Solutions Statistics

Solution) Samples of starting annual salaries for individuals entering the public accounting and financial pla

Question: Samples of starting annual salaries for individuals entering the public accounting and financial planning professions follow (Fortune, June 26, 1995). Annual salaries are shown in thousands of dollars.

Public Accountant	Financial Planner	Public Accountant	Financial Planner
25.2	24.0	30.0	28.6
33.8	24.2	25.9	24.7
31.3	28.1	34.5	28.9
33.2	30.9	31.7	26.8
29.2	26.9	26.9	23.9

a) Using a .05 level of significance, test the hypothesis that there is no difference between the starting annual salaries of public accountants and financial planners. What is your conclusion?

b) What are the sample mean annual salaries for the two professions?

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Solution: The answer consists of 3 pages
Deliverable: Word Document