SOLUTION: Is the mean salary of accountants who have reached partnership status higher than that for accountants who are not partners? A sample of 15 accountants who have the partnership sta
Algebra ->
Probability-and-statistics
-> SOLUTION: Is the mean salary of accountants who have reached partnership status higher than that for accountants who are not partners? A sample of 15 accountants who have the partnership sta
Log On
Question 179501: Is the mean salary of accountants who have reached partnership status higher than that for accountants who are not partners? A sample of 15 accountants who have the partnership status showed a mean salary of $82,000 with a standard deviation of $5,500. A sample of 12 $6,500. At the 0.05 significance level can we conclude that accountants at the partnership level earn larger salaries?
a. State the null and alternative hypotheses.
Ho: H1:
b. State the decision rule.
c.Compute the value of the test statistic
d. Compute the p-value.
e. What is your decision reguarding the null hypotheses?
You can put this solution on YOUR website! There are words missing in the 3rd line of your 1st paragraph.
Please resubmit your problem.
Cheers,
Stan H.