Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10 SHSU would like to test whether there is any difference in salaries for business professors (group 1) and criminal justice professors (group 2). The

10 SHSU would like to test whether there is any difference in salaries for business professors (group 1) and criminal justice professors (group 2). The university randomly selects a sample of 51 business professors and finds their average salary to be $89843. The university also selects a random sample of 54 criminal justice professors and finds their average salary is $62375. The population standard deviations are known and equal to $9000 for business professors, respectively $7500 for criminal justice professors. The university wants to test if there is a difference between the salaries of these 2 groups, using a significance level of 5%. Compute the test statistic needed for performing this test. Round your answer to 2 decimals, if needed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Learning System Management Accounting Performance Evaluation Edition

Authors: Robert Scarlett

4th Edition

0750684305, 978-0750684309

More Books

Students also viewed these Accounting questions