An economist believes that the average annual income of men and women are the same in the United States. The economist knows the population standard deviation of income for men and women. The following information outlines the information for each sample: Men: n1 = 75 Women: n2 = 50 X1 = $52,004 X2 = $42,238 σ1 = $4,000 σ2 = $5,000 Test the economist’s claim at the 0.05 level.
An economist believes that the average annual income of men and women are the same in the United States. The economist knows the population standard deviation of income for men and women. The following information outlines the information for each sample: Men: n1 = 75 Women: n2 = 50 X1 = $52,004 X2 = $42,238 σ1 = $4,000 σ2 = $5,000 Test the economist’s claim at the 0.05 level.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
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An economist believes that the average annual income of men and women are the same in the United States. The economist knows the population standard deviation of income for men and women. The following information outlines the information for each sample:
Men: n1 = 75 Women: n2 = 50
X1 = $52,004 X2 = $42,238
σ1 = $4,000 σ2 = $5,000
Test the economist’s claim at the 0.05 level.
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