Question: Please include the steps to the solutions. Thank you. Styles Consider the following data drawn independently from normally distributed populations: (You may find it useful

Please include the steps to the solutions. Thank you.

Please include the steps to the solutions. Thank you. Styles Consider the

Styles Consider the following data drawn independently from normally distributed populations: (You may find it useful to reference the appropriate table: z table or _table) 31.6 26.8 - - 91.9 652 90.0 12 26 a. Construct the 99% confidence interval for the difference between the population means. (Negative values should be indicated by a minus sign. Round all intermediate calculations to at least 4 decimal places and final answers to 2 decimal places.) Confidence interval is to The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious Investment professionals. It Is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA designation is a more lucrative option than an MBA. He collects data on 40 recent CFAs with a mean salary of $142,000 and a standard deviation of $45,000. A sample of 54 MBAs results in a mean salary of $124,000 with a standard deviation of $21,000. Assume that , is the population mean for individuals with a CFA designation and U2 is the population mean of individuals with MBAs. (You may find it useful to reference the appropriate table: z table or [ table) a. Set up the hypotheses to test if a CFA designation Is more lucrative than an MBA at the 1% significance level. O HO: (1 - 2 = 0, HA: 1 - 12+ 0 O HO: H1 - 12 2 0; HA: H1 - H2 50 O HO: H1 - 12 50; HA: H1 - 12 20 b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) Test statistic b-2. Find the p-value 90.01 - p-value

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