Question

In: Statistics and Probability

The starting Salary of 25 individuals each from four different areas ( Area A is $49,...

The starting Salary of 25 individuals each from four different areas ( Area A is $49, 296, Area B is 49,569 and area c is $40,498.96 and area d is $49,751.68)in the College of Business. The Dean of the College is interested in determining whether there is a difference in the average starting Salary of the different areas. Assume that all assumptions pertaining to this procedure have been satisfied and perform the relevant analysis.  

Determine the p-value and interpret the result.

Solutions

Expert Solution

As we fail to reject H0 at 5% los, we conclude that the means are not significantly different or there is no difference in mean salaries.

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