The present study shows data for salaries of accounting and marketing graduates of a business school at the end of the first year after graduation. The office of career services would like to test the claim (null hypothesis) that the average salary of accounting students is less or equal to the average salary of marketing students, against the alternative that the average salary of accounting student is higher than the average salary of marketing students. The office of career services collects a random sample of salaries of accounting and marketing students. We will use the Excel Data Analysis Add-in to test the claim and find the averages and variances for the salaries in the sample, the critical value(s) that define(s) the rejection region, the test statistic and the observed level of significance. We will compare the test statistic with our critical value(s) and decide if we should reject or not reject the null hypothesis. We will use different alpha levels to test the hypothesis. We will find the observed level of significance using an Excel formula. We will identify possible errors made and their types. Assume that the distribution of the salaries is normal and the sample is randomly selected.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more