Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Refer to this text to answer the following 4 questions. (Table: Faculty Salaries) Does the average salary of a new assistant professor differ from that

image text in transcribedimage text in transcribed
Refer to this text to answer the following 4 questions. (Table: Faculty Salaries) Does the average salary of a new assistant professor differ from that of a tenured full professor? Five new assistant professors and ve tenured full professors were selected at random from a large public university. Their 20182019 salaries (in thousands of dollars) appear in the table. Perform the appropriate hypothesis test on this set of data and to make a decision. Make sure to calculate and show all formulas in your work (to upload later) so you can receive full credit for each answer. Enter your calculated test statistic (enter just the number, and report 2 decimal places). Table: Faculty Salaries Assistant professor Full professor 76 156 82 95 111 137 80 169 60 105 X X - M (X - M) 2 Y Y - M ( Y - M ) 2 76 -5.80 33.64 156 23.60 556.96 82 0.20 0.04 95 -37.40 1398.76 111 29.20 852.64 137 4.60 21.16 80 -1.80 3.24 169 36.60 1339.56 620 -21.80 475.24 105 -27.40 750.76 M = 81.80 M = 132.40 SD = 18.472 SD = 31.887

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

Finite Math And Applied Calculus

Authors: Stefan Waner, Steven Costenoble

6th Edition

1285415132, 9781285415130

More Books

Students also viewed these Mathematics questions