Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You wish to determine if the salaries of managers from two towns are equal or not. From town A, 100 randomly selected managers resulted
You wish to determine if the salaries of managers from two towns are equal or not. From town A, 100 randomly selected managers resulted in a mean salary of $28,500 with a standard deviation of $2300. From town B, 100 randomly selected managers resulted in a mean salary of $29,200 with a standard deviation of $2100. Conduct a hypothesis at the = 0.05 level of significance. Step 1: Label each value and state the hypotheses HO and H1. Step 2: Assume that the requirements have been satisfied (i.e. skip this step). Step 3: State the p-value. Write out work or screenshot from StatCrunch. Step 4: Decide whether to reject or not reject HO. Step 5: State your conclusion. There [is/is not] enough evidence to conclude that the mean salaries from the two towns are different. Follow up: if you're a manager, would you rather live in town B or does it not matter?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started