A senior accounting major at Midsouth State University has job offers from four
ID: 3261932 • Letter: A
Question
A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees how many months each worked for the firm before receiving a raise in salary. The sample information is submitted to Minitab with the following results:
What is the decision rule? (Round your answer to 2 decimal places.)
At the 0.01 level of significance, is there a difference in the mean number of months before a raise was granted among the four CPA firms?
Analysis of Variance Source df SS MS F P Factor 3 43.15 14.38 3.94 0.133 Error 18 65.74 3.65 Total 21 108.89
Explanation / Answer
the decision rule
if p value lessthan level of significance ( reject null hypothesis)
if p value greater than siginifican level (failed to reject null hypothesis)
here
p value 0.133 >0.01
failed to reject null hypothesis.
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