A Study of recent graduates from BSCC revealed that for a sampleof 10 recently graduated Accounting Technology majors the meansalary was $32,000 per year with a sample standard deviation of$1,800. A sample of 8 business Administration majors revealed amean salary of $29,000 per year with a sample standard deviation of$2,000. At the .05 significance level, can we conclude there is adifference in the starting salaries?
1. State the Null and Alternate Hypothesis(H0, H1).
2. Determine the level of significance.
3. Determine the test statistic. (z or t)
4. State the decision rule.(Reject H0 if)
5. Conduct the test and make a decision.(Include Formula andshow all work)
6. Interpret the results.
\"PLEASE SHOW ALL WORK WITH THE CORRECT ANSWERS\"
Thanks!
