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In Order to Estimate the Difference Between the Average Yearly

Question 155

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In order to estimate the difference between the average yearly salaries of top managers in private and governmental organizations, the following information was gathered.
 Private  Governmenta  Sample Size 5060 Sample Mean in $1,000s)9080 Sample Standard Deviation in $1,000s)68\begin{array}{lcc}&\text { Private }&\text { Governmenta }\\\text { Sample Size } & 50 & 60 \\\text { Sample Mean in } \$ 1,000 s) & 90 & 80 \\\text { Sample Standard Deviation in } \$ 1,000 s) & 6 & 8\end{array} Develop an interval estimate for the difference between the average salaries of the two sectors. Let α = .05.

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