Question: On the basis of data provided by a Romac salary survey, the variance in annual salaries for seniors in public accounting firms is approximately 2.1

On the basis of data provided by a Romac salary survey, the variance in annual salaries for seniors in public accounting firms is approximately 2.1 and the variance in annual salaries for managers in public accounting firms is approximately 11.1. The salary data were provided in thousands of dollars. Assuming that the salary data were based on samples of 25 seniors and 26 managers, test the hypothesis that the population variances in the salaries are equal. At a .05 level of significance, what is your conclusion?

Step by Step Solution

3.36 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Degrees of freedom 25 and 24 Using F table ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

553-M-S-S-I (2787).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!