Independent random samples taken at two companies provided the following information regarding annual salaries of the employees.

a.We want to determine whether or not there is a significant difference between the average salaries of the employees at the two companies. Compute the test statistic.
b.Compute the p-value; and at 95% confidence, test the hypotheses.

Question

Independent random samples taken at two companies provided the following information regarding annual salaries of the employees.
  
a.We want to determine whether or not there is a significant difference between the average salaries of the employees at the two companies. Compute the test statistic.
b.Compute the p-value; and at 95% confidence, test the hypotheses.

Quizplus · Accepted Answer

The Answer of Independent random samples taken at two companies provided the following information regarding annual salaries of the employees.
  
a.We want to determine whether or not there is a significant difference between the average salaries of the employees at the two companies. Compute the test statistic.
b.Compute the p-value; and at 95% confidence, test the hypotheses.

Independent Random Samples Taken at Two Companies Provided the Following