At a local store, 65 female employees were randomly selected and it was found that their mean monthly

income was $625 with a standard deviation of $121.50. Seventy-five male employees were also randomly

selected and their mean monthly income was found to be $667 with a standard deviation of $168.70. Test the

hypothesis that male employees have a higher monthly income than female employees. Use = 0.01.

Use any method but follow the PHANTOMS acronym

P - Parameter Statement

H - Hypotheses

A - Assumptions & Conditions

N - Name the Test

T - Test Statistic

O - Obtain the P-Value or Critical Value

M - Make a Decision about the Null Hypothesis

S - State Your Conclusion About the Claim