1. A college graduate is trying to decide whether to pursue a master's degree or not. He will only do so if he is convinced that master's degree loan more than college graduates. He experimented in 20 master's degree holders and 25 college graduates. The yearly salaries were P170, 000 and P126, 000 respectively with corresponding standard deviations of P6, 000 and P5, 400. Using 0.10 significance level, test if there is a significant difference in the amount of loan that a master's degree holder and a college graduates could avail.

1. A college graduate is trying to decide whether to pursue a master's degree or not. He will only do so if he is convinced that master's degree loan more than college graduates. He experimented in 20 master's degree holders and 25 college graduates. The yearly salaries were P170, 000 and P126, 000 respectively with corresponding standard deviations of P6, 000 and P5, 400. Using 0.10 significance level, test if there is a significant difference in the amount of loan that a master's degree holder and a college graduates could avail.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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