A company wants to determine whether there is a significant difference in the salaries of its male
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Question:
A company wants to determine whether there is a significant difference in the salaries of its male and female employees. The company randomly selected a sample of 50 male employees and 50 female employees and recorded their salaries. The mean salary for the male employees was $70,000 with a standard deviation of $10,000, while the mean salary for the female employees was $75,000 with a standard deviation of $12,000. Conduct a hypothesis test with a 5% significance level to determine whether there is a significant difference in the salaries of the male and female employees.
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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