Suppose the following table was generated from the sample data of 20 employees r

Question

Suppose the following table was generated from the sample data of 20 employees relating annual salary to years of education and gender. According to the results, is there a salary difference between men and women at the 0.01 level of significance? If yes, write the difference in salary in the space provided, rounded to two decimal places. Else, select "There is not enough evidence." Selecting a radio button will replace the entered answer value(s) with the radio button value. If the radio button is not selected, the entered answer is used. ____ There is not enough evidence

Explanation / Answer

Solution:

The p - value corresponding to the dummy variable representing male and female is 0.000844 which is less than 0.01.

Hence,

We reject the null hypothesis and conclude that there is enough evidence of salary difference between men and women.

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