(a) A sample of 200 women from the labour force found an average wage of 6000 p.a....
Question:
(a) A sample of 200 women from the labour force found an average wage of £6000 p.a. with standard deviation £2500. A sample of 100 men found an average wage of £8000 with standard deviation £1500. Estimate the true difference in wages between men and women.
(b) A different survey, of men and women doing similar jobs, obtained the following results:
x̅W = £7200 x̅M = £7600
sW = £1225 s M = £750
nW = 75 n M = 50
Estimate the difference between male and female wages using these new data. What can be concluded from the results of the two surveys?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Economics Accounting And Business Studies
ISBN: 978027368308
4th Edition
Authors: Michael Barrow
Question Posted: