A senior accounting major at Midsouth State University has j

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:

Reject H₀ if F > . (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? (Click to select)RejectDo not reject

Solution

Using table/technology, for df1 = 5, df2 = 12, alpha = 0.01,

Fcrit = 5.064343111

Thus, we reject Ho if F > 5.06. [ANSWER]

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As F = 5.07 > 5.06, then we REJECT the null hypothesis.

There is a significant difference in the mean number of months before a raise was granted among the four CPA firms.