The Following Data Shows Annual Income, in Thousands of Dollars

question 57

Essay

The following data shows annual income, in thousands of dollars, categorized according to the two factors of
gender and level of education. Assume that incomes are not affected by an interaction between gender and level
of education, and test the null hypothesis that level of education has no effect on income. Use a 0.05 significance
level. $$\begin{array} { l c c } & \text { Female } & \text { Male } \\\text { High school } & 23,27,24,26 & 25,26,22,24 \\\text { College } & 28,36,31,33 & 35,32,39,28 \\\text { Advanced degree } & 41,38,43,49 & 35,50,47,44\end{array}$$

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Definitions:

Establishing Credibility

The process of making oneself or one's statements believable or trustworthy.

Social Proof

A psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior for a given situation.

Social Proof

The psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior for a given situation.

Scarcity

A condition where resources are limited in comparison to the desires or needs.