Use the following information to answer the question. Data and summary statistics about college professor's salaries was gathered from nine institutions and is presented below. This salary information is from professors teaching at the Master's level.
Men: x = 67691; s = 14506 Women: x = 65323; s = 13274
-According to a national study, the average salary for a professor teaching at the Master's level is approximately $70,000. How does the data from these nine institutions compare to this? Does it appear that salaries for either group at these nine institutions agrees or disagrees with the study?
Definitions:
Education
The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, and habits.
Coefficient of Determination
A metric showing the percentage of variation in the outcome variable that can be explained by the predictor variable(s).
Big-Name Stars
Prominent and widely recognized celebrities or performers.
Gross Revenue
The total amount of money earned by a company before deducting expenses; a measure of overall sales or turnover.
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