Two Independent Random Samples of Annual Starting Salaries for Individuals

question 178

Short Answer

Two independent random samples of annual starting salaries for individuals with masters and bachelors degrees in business were taken and the results are shown below
Masters Degree
Bachelors Degree
Sample Size 33.0 30
Sample Mean in $1,000) 58.0 54
Sample Standard Deviation in $1,000) 2.4 2
a. What are the degrees of freedom for the t distribution?
b. Provide a 95% confidence interval estimate for the difference between the salaries of the two groups.

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Definitions:

Opposites Attract

A popular belief that individuals with differing personalities, traits, or interests are more likely to be attracted to each other, contributing to complementary partnerships.

Birds of a Feather

A phrase suggesting that individuals with similar interests, backgrounds, or characteristics tend to associate with each other.

Desire Affiliation

An individual's need or longing for social connections and relationships with others, driving them towards group involvement or social interaction.

Uncertain

Characterized by doubt or lacking definite plans, outcomes, or clarity; undecided.