You wish to determine if the salaries of managers from two towns are equal or not....
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You wish to determine if the salaries of managers from two towns are equal or not. From town A, 100 randomly selected managers resulted in a mean salary of $28,500 with a standard deviation of $2300. From town B, 100 randomly selected managers resulted in a mean salary of $29,200 with a standard deviation of $2100. Conduct a hypothesis at the = 0.05 level of significance. Step 1: Label each value and state the hypotheses HO and H1. Step 2: Assume that the requirements have been satisfied (i.e. skip this step). Step 3: State the p-value. Write out work or screenshot from StatCrunch. Step 4: Decide whether to reject or not reject HO. Step 5: State your conclusion. There [is/is not] enough evidence to conclude that the mean salaries from the two towns are different. Follow up: if you're a manager, would you rather live in town B or does it not matter? You wish to determine if the salaries of managers from two towns are equal or not. From town A, 100 randomly selected managers resulted in a mean salary of $28,500 with a standard deviation of $2300. From town B, 100 randomly selected managers resulted in a mean salary of $29,200 with a standard deviation of $2100. Conduct a hypothesis at the = 0.05 level of significance. Step 1: Label each value and state the hypotheses HO and H1. Step 2: Assume that the requirements have been satisfied (i.e. skip this step). Step 3: State the p-value. Write out work or screenshot from StatCrunch. Step 4: Decide whether to reject or not reject HO. Step 5: State your conclusion. There [is/is not] enough evidence to conclude that the mean salaries from the two towns are different. Follow up: if you're a manager, would you rather live in town B or does it not matter?
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