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Problem # 1 UCF College of Business obtained the following results from two independent random samples on the salaries of a recent graduating class: Sample Economics (1) Majors Sample Marketing (2) Majors Sample Size Economics Majors =36 Sample Size Marketing Majors =50 Mean Sample Economics = $51,230 Mean Sample Marketing =$49,300 Standard Deviation Sample Economics =$900 Standard Deviation Sample Marketing =$1,200 Managerial Report Prepare a managerial report that addresses the following issues: 1. What is the degrees of freedom for the t distribution (round the answer to the previous whole number)? Why is the t distribution appropriate in this situation? Show steps 2. What is the 95% confidence interval for the difference between the two population means (to 1 decimal and enter any negative values as a negative number)? Show steps H : P1 - Pa = 0 H : - H2 +0 3. At 95% does there appear to be any difference in the mean job offer for these two groups? Which method are you using (Show Steps)? Please explain in detai!

Problem # 1 UCF College of Business obtained the following results from two independent random samples on the salaries of a recent graduating class: Sample Economics (1) Majors Sample Marketing (2) Majors Sample Size Economics Majors =36 Sample Size Marketing Majors =50 Mean Sample Economics = $51,230 Mean Sample Marketing =$49,300 Standard Deviation Sample Economics =$900 Standard Deviation Sample Marketing =$1,200 Managerial Report Prepare a managerial report that addresses the following issues: 1. What is the degrees of freedom for the t distribution (round the answer to the previous whole number)? Why is the t distribution appropriate in this situation? Show steps 2. What is the 95% confidence interval for the difference between the two population means (to 1 decimal and enter any negative values as a negative number)? Show steps H : P1 - Pa = 0 H : - H2 +0 3. At 95% does there appear to be any difference in the mean job offer for these two groups? Which method are you using (Show Steps)? Please explain in detai!

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Problem # 1 UCF College of Business obtained the following results from two independent random samples on the salaries of a recent graduating class: Sample Economics (1) Majors Sample Marketing (2) Majors Sample Size Economics Majors =36 Sample Size Marketing Majors =50 Mean Sample Economics = $51,230 Mean Sample Marketing =$49,300 Standard Deviation Sample Economics =$900 Standard Deviation Sample Marketing =$1,200 Managerial Report Prepare a managerial report that addresses the following issues: 1. What is the degrees of freedom for the t distribution (round the answer to the previous whole number)? Why is the t distribution appropriate in this situation? Show steps 2. What is the 95% confidence interval for the difference between the two population means (to 1 decimal and enter any negative values as a negative number)? Show steps Họ : 41 - H2 = 0 H : 41 – 42 + 0 3. At 95% does there appear to be any difference in the mean job offer for these two groups? Which method are you using (Show Steps)? Please explain in detail
Transcribed Image Text:Problem # 1 UCF College of Business obtained the following results from two independent random samples on the salaries of a recent graduating class: Sample Economics (1) Majors Sample Marketing (2) Majors Sample Size Economics Majors =36 Sample Size Marketing Majors =50 Mean Sample Economics = $51,230 Mean Sample Marketing =$49,300 Standard Deviation Sample Economics =$900 Standard Deviation Sample Marketing =$1,200 Managerial Report Prepare a managerial report that addresses the following issues: 1. What is the degrees of freedom for the t distribution (round the answer to the previous whole number)? Why is the t distribution appropriate in this situation? Show steps 2. What is the 95% confidence interval for the difference between the two population means (to 1 decimal and enter any negative values as a negative number)? Show steps Họ : 41 - H2 = 0 H : 41 – 42 + 0 3. At 95% does there appear to be any difference in the mean job offer for these two groups? Which method are you using (Show Steps)? Please explain in detail
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