Data was collected from two local companies in London on the hourly wages of each companies employees.
Question:
Data was collected from two local companies in London on the hourly wages of each companies employees. In a sample of 90 employees at Company A, the average hourly wage was $18.95. In a sample of 70 employees at Company B, the average hourly wage was $18.37. The population standard deviation of the hourly wages at Company A is $1.35 and the population standard deviation of the hourly wages at Company B is $1.15. At the 1% significance level is there a significant difference between the average hourly wages at the two companies?
- From options #1 to #4 select the correct hypotheses for this test.
- From options #5 to #8 select the correct p-value for this test.
- From options #9 to #12 select the correct conclusion for this test.
Let Company A be population 1 and Company B be population 2. Complete the subtraction as population 1-population 2.
1) H0:1-2=0
Ha:1-2>0
2) H0:1-2=0
Ha:1-20
3) H0:1-2=0
Ha:1-2<0
4) H0:1=2
Ha:12
5) 0.0019
6) 0.0039
7) 0.0017
8) 0.0034
9) Based on the samples there is enough evidence to conclude that there is a difference between the average hourly wages at the two companies
10) Based on the samples there is not enough evidence to conclude that there is a difference between the average hourly wages at the two companies.
11) The average hourly wages are the same
12) The average hourly wages are the different