TABLE 10-2 A Researcher Randomly Sampled 30 Graduates of an MBA Program

question 98

Short Answer

TABLE 10-2
A researcher randomly sampled 30 graduates of an MBA program and recorded data concerning their starting salaries. Of primary interest to the researcher was the effect of gender on starting salaries. The result of the pooled-variance t test of the mean salaries of the females (Population 1) and males (Population 2) in the sample is given below.

-Referring to Table 10-2, what is the 90% confidence interval estimate for the difference between two means?

---

Definitions:

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, including both the private costs and any external costs.

Pigouvian Taxes

Taxes designed to reduce external costs.

External Costs

costs inflicted upon a third party when goods and services are produced and consumed.

Tradable Emissions Permits

Licenses to emit limited quantities of pollutants that can be bought and sold by polluters.