Females, It Is Said, Make 70 Cents to the Dollar

question 22

Essay

Females, it is said, make 70 cents to the dollar in the United States.To investigate this
phenomenon, you collect data on weekly earnings from 1,744 individuals, 850 females
and 894 males.Next, you calculate their average weekly earnings and find that the
females in your sample earned $346.98, while the males made $517.70.
(a)Calculate the female earnings in percent of the male earnings.How would you test
whether or not this difference is statistically significant? Give two approaches.

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Definitions:

Work-Outcome Relationships

The connection between the effort invested in work and the results or rewards derived from that work.

Desirability

The quality of being wanted or wished for as being attractive, useful, or necessary.

Expectancy Theory

A motivational theory suggesting that an individual's effort level is based on the expectation that effort will lead to a desired performance level and reward.

Expectancy

The degree to which individuals believe that their effort will lead to effective performance and, consequently, a desired outcome.