Question: 10.35 A survey was conducted to determine the difference between the annual salaries of employees with and without a college degree. For a sample of
10.35 A survey was conducted to determine the difference between the annual salaries of employees with and without a college degree. For a sample of 115 employees with a college degree, the mean salary per year was
£45,248, and the sample standard deviation was £10,974.
For a sample of 102 employees without a degree, the mean annual salary per year was £37,024, and the sample standard deviation was £26,852. Test the null hypothesis, at the 5% level, that the population means are equal against the alternative that the mean annual salary is higher for employees with a college degree.
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