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Suppose a certain state university's college of businessobtained the following results on the salaries of a recentgraduating class:

Finance Majors	Business Analytics Majors
n1 = 140	n2 = 30
x1 = $48,437	x2 = $55,217
s1 = $19,000	s2 = $10,000

(a)

Formulate hypotheses so that, if the null hypothesis isrejected, we can conclude that salaries for Finance majors aresignificantly lower than the salaries of Business Analytics majors.Use ? = 0.05. (Let ?₁ = the population mean salary forFinance majors, and let ?₂ = the population mean salaryfor Business Analytics majors. Enter != for ? as needed.)

H₀:

H_a:

(b)

What is the value of the test statistic? (Use

?₁ ? ?₂.

Round your answer to three decimal places.)

What is the p-value? (Round your answer to four decimalplaces.)

p-value =

(d)

What is your conclusion?

Reject H₀. We can conclude that salaries forFinance majors are significantly lower than the salaries ofBusiness Analytics majors.

Reject H₀. We cannot conclude that salariesfor Finance majors are significantly lower than the salaries ofBusiness Analytics majors.    

Do not reject H₀. We cannot conclude thatsalaries for Finance majors are significantly lower than thesalaries of Business Analytics majors.

Do not reject H₀. We can conclude thatsalaries for Finance majors are significantly lower than thesalaries of Business Analytics majors.