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Testing the difference between two means The average yearly earnings of male col

ID: 3082276 • Letter: T

Question

Testing the difference between two means The average yearly earnings of male college graduates (with at least a bachelor's degree) are $58,500 for men aged 25 to 34. The average yearly earnings of female college graduates with the same qualifications are $49,339. based on the results below, can it be concluded that there is a difference in mean earnings between male and female college graduates? Use the 0.01 level of significance. ample mean: men $59,235 women $52,487 population standard deviation: men 8,945 women 10,125 sample size: men 40 women 35 a. state hypothesis b. find the critical value(s) c. compute the test value d. make the decision e. summarize the results

Explanation / Answer

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