Consider the Following Set of Salary Data What Assumptions Are Necessary to Perform a Test for the r

question 48

Multiple Choice

Consider the following set of salary data: $$\begin{array} { l r r } \hline & \text { Men (1) } & \text { Women (2) } \\\hline \text { Sample Size } & 100 & 80 \\\text { Mean } & \$ 12,850 & \$ 13,000 \\\text { Standard Deviation } & \$ 345 & \$ 500 \\\hline\end{array}$$ What assumptions are necessary to perform a test for the difference in population means?

• A) The two samples were independently selected from the populations of men and women.
• B) Both of the target populations have approximately normal distributions.
• C) The population variances of salaries for men and women are equal.
• D) All of the above are necessary.

Gain knowledge in preparing payroll and related journal entries, including computing employee earnings and deductions.

Learn how to calculate employer payroll taxes and other related employer expenses.

Understand the recording and management of short-term notes payable including interest calculations.

Comprehend the principles of employee benefits, including vacation, health insurance, and retirement contributions.

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.