Independent random samples of bachelors and masters degree holders in statistics, whose initial job was with a
Question:
Independent random samples of bachelor’s and master’s degree holders in statistics, whose initial job was with a major actuarial firm and who subsequently moved to an insurance company, were questioned. For a sample of 56 bachelor’s degree holders, the mean number of months before the first job change was 34.68 and the sample standard deviation was 20.53. For a sample of 72 master’s degree holders, the mean number of months before the first job change was 35.64 and the sample standard deviation was 20.79. Test, at the 10% level against a two-sided alternative, the null hypothesis that the population mean numbers of months before the first job change are the same for the two groups.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne