Write a minimum 4 page report explaining the results from your analysis of the ROI of Business Majors and Engineering Majors. Use your results from each week’s assignment to make this report.

Engineering

Hypothesis Test

Sample Size 21

Sample Mean $164,680.00

Sample Standard Deviation 66385.12191

Hypothesized Value 160000

Standard Error 14486.42125

Test Statistics t 0.323061156

Degree of Freedom 20

p-value (lower tail) 0.624998872 0.5

p-value (upper tail) 0.375001128

p-value (two tail) 0.750002255

The level of 0.05 does not reject the null hypothesis in conclusion because the mean ‘Cost’ for a college for Business Major is not any dissimilar than $160,000

Major

Hypothesis Test

Sample Size 20

Sample Mean $188,632.00

Sample standard Deviation 50503.42902

Hypothesized Value 160000

Standard Error 11292.91004

Test Statistic t 2.535396094

Degree of Freedom 19

p-value (lower tail) 0.98991306 0.05

p-value (upper tail) 0.01008694

p-value(two tail) 0.020173879

We should reject the null hypothesis, that is to say, the mean ‘Cost’ for Business major is not $160,000

The 30 year ROI for Business is less than the 30 year ROI for engineering.