The cost of taking an extra year to earn an MBA is quite high. To determine whether
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The cost of taking an extra year to earn an MBA is quite high. To determine whether it is worthwhile, a BBA graduate surveyed 200 people who had either a BBA or an MBA and recorded their annual salary (in $1,000s) after 5 years of work. The student determined that the added cost of the MBA is warranted only if the mean income of MBAs is more than $5, 000 greater than that of BBAs. Can we conclude that acquiring an MBA is worthwhile?
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