BUSINESS STATISTICS FINAL PAPER

profileylang
ROI_by_Major6.xlsx

Business Major

Business Major Engineering Major
School Type Cost 30 Year ROI Annual ROI School Type Cost 30 Year ROI Annual ROI t-Test: Two-Sample Assuming Unequal Variances T-Test
Private $222,700.00 $1,786,000.00 7.70% Private $221,700.00 $2,412,000.00 8.70% Business Major Engineering Major
Private $176,400.00 $1,758,000.00 8.40% Private $213,000.00 $2,064,000.00 8.30% 30 Year ROI 30 Year ROI Cost Cost
Private $212,200.00 $1,714,000.00 7.80% Private $230,100.00 $1,949,000.00 7.90% Mean 1477800 1838000 Mean 188632 164680
Public $125,100.00 $1,535,000.00 9.10% Private $222,600.00 $1,947,000.00 8.00% Variance 17673957894.7368 32327578947.3684 Variance 2550596343.15789 4406984410.52632
Private $212,700.00 $1,529,000.00 7.40% Private $225,800.00 $1,938,000.00 8.00% Observations 20 20 Observations 20 20
Public $92,910.00 $1,501,000.00 10.10% Public $87,660.00 $1,937,000.00 11.20% Hypothesized Mean Difference 0 Pearson Correlation 0.3801078882
Private $214,900.00 $1,485,000.00 7.30% Private $224,900.00 $1,915,000.00 7.90% df 35 Hypothesized Mean Difference 160000 160000
Private $217,800.00 $1,483,000.00 7.20% Private $221,600.00 $1,878,000.00 7.90% t Stat -7.2038892884 df 19 19
Private $225,600.00 $1,444,000.00 7.00% Public $125,100.00 $1,854,000.00 9.80% P(T<=t) one-tail 0.0000000104 t Stat 2.5354 0.3153
Private $217,300.00 $1,442,000.00 7.10% Private $215,700.00 $1,794,000.00 7.90% t Critical one-tail 1.306211802 P(T<=t) one-tail 0.0101 0.3780
Private $226,500.00 $1,441,000.00 7.00% Public $92,530.00 $1,761,000.00 10.60% P(T<=t) two-tail 0.0000000209 t Critical one-tail 1.7291 1.7291
Private $215,500.00 $1,438,000.00 7.20% Private $217,800.00 $1,752,000.00 7.70% t Critical two-tail 1.6895724578 P(T<=t) two-tail 0.0202 0.7560
Private $223,500.00 $1,428,000.00 7.00% Public $89,700.00 $1,727,000.00 10.70% t Critical two-tail 2.0930 2.0930
Private $226,600.00 $1,414,000.00 7.00% Private $229,600.00 $1,716,000.00 7.50%
Private $189,300.00 $1,397,000.00 7.50% Public $101,500.00 $1,703,000.00 10.20%
Public $89,700.00 $1,382,000.00 9.90% Public $115,500.00 $1,694,000.00 9.70%
Public $87,030.00 $1,376,000.00 10.00% Public $104,500.00 $1,690,000.00 10.10%
Private $218,200.00 $1,343,000.00 6.90% Public $69,980.00 $1,685,000.00 11.50%
Private $229,900.00 $1,339,000.00 6.70% Private $219,400.00 $1,676,000.00 7.60%
Private $148,800.00 $1,321,000.00 8.10% Public $64,930.00 $1,668,000.00 11.70%
Best College ROI by Majo 2013: Payscale.com

Engineering Major

School Type Cost 30 Year ROI Annual ROI
Private $221,700.00 $2,412,000.00 8.70%
Private $213,000.00 $2,064,000.00 8.30%
Private $230,100.00 $1,949,000.00 7.90%
Private $222,600.00 $1,947,000.00 8.00%
Private $225,800.00 $1,938,000.00 8.00%
Public $87,660.00 $1,937,000.00 11.20%
Private $224,900.00 $1,915,000.00 7.90%
Private $221,600.00 $1,878,000.00 7.90%
Public $125,100.00 $1,854,000.00 9.80%
Private $215,700.00 $1,794,000.00 7.90%
Public $92,530.00 $1,761,000.00 10.60%
Private $217,800.00 $1,752,000.00 7.70%
Public $89,700.00 $1,727,000.00 10.70%
Private $229,600.00 $1,716,000.00 7.50%
Public $101,500.00 $1,703,000.00 10.20%
Public $115,500.00 $1,694,000.00 9.70%
Public $104,500.00 $1,690,000.00 10.10%
Public $69,980.00 $1,685,000.00 11.50%
Private $219,400.00 $1,676,000.00 7.60%
Public $64,930.00 $1,668,000.00 11.70%