Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples. Based on previous studies, the population standard deviations for Finance and MIS salaries are estimated to be $2,100 and $2,600, respectively. Use the following data to develop a 95% confidence interval estimate of the difference between the starting salaries for the two majors.

Question

Quizplus · Accepted Answer

The Answer of Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples. Based on previous studies, the population standard deviations for Finance and MIS salaries are estimated to be $2,100 and $2,600, respectively. Use the following data to develop a 95% confidence interval estimate of the difference between the starting salaries for the two majors.

Starting Annual Salaries for Business School Graduates Majoring in Finance