Independent Random Samples Taken at Two Companies Provided the Following

question 22

Essay

Independent random samples taken at two companies provided the following information regarding annual salaries of the employees.The population standard deviations are also given below. ​
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 α = .05, test the hypotheses.

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Definitions:

Creditors

Individuals or entities to whom money is owed by the business or individual for goods or services that have been delivered or used but not yet paid for.

Special Journal

A specialized accounting journal designed to record a specific type of transaction consistently, such as sales or purchases.

Electronic Accounting System

Computerized systems used for tracking and managing financial transactions and accounts.

General Ledger Accounting Systems

Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.