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 179443: 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?

Again there is not a book just this practice question.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Some data is missing in the 3rd line of the 1st paragraph of your post.
Cheers,
Stan H.