Am stat News (December 2004) lists median salaries for associate professors of statistics at research institutions and
Question:
Am stat News (December 2004) lists median salaries for associate professors of statistics at research institutions and at liberal arts and other institutions in the United States. Assume a sample of 200 associate professors from research institutions having an average salary of $70,750 per year with a standard deviation of S6000. Assume also a sample of 200 associate professors from other types of institutions having an average salary of $65,200 with a standard deviation of $5000. Test the hypothesis that the mean salary for associate professors in research institutions is $2000 higher than for those in other institutions. Use a 0.01 level of significance. Assume equal variances.
Step by Step Answer:
Probability & Statistics For Engineers & Scientists
ISBN: 9780130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying