Question
After the government pay scale revision in Bangladesh, it is believed that the salaries of public employees are exactly equal to the salaries of private
After the government pay scale revision in Bangladesh, it is believed that the salaries of public employees are exactly equal to the salaries of private employees. Suppose that in a follow-up study of 40 public employees and 50 private employees are chosen to have the following results. Public Employee's information Private Employee's information n1 = 40 n2 = 50 x1 = 56, 100 taka x2 = 59,400 taka s1 = 6000 taka s2 = 7000 taka
a) Provide 90% confidence interval for the difference between two population mean? b) Develop Null and Alternative hypothesis for the two population mean? c) Conduct a hypothesis test at a 10% level of significance using p value and critical value approach? What is your conclusion regarding accepting or rejecting Null hypothesis?
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