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

question 170

Multiple Choice

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, the researcher was attempting to show statistically that the female MBA graduates have a significantly lower mean starting salary than the male MBA graduates. From the analysis in Table 10-2, the correct test statistic is

• A) -6610.
• B) -1.3763.
• C) -1.7011.
• D) 0.0898.

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Definitions:

Teenagers

Individuals typically aged between 13 and 19 years, characterized by puberty, a transition from childhood to adulthood, and increased independence.

Equilibrium Wage

The equilibrium wage is the wage rate at which the quantity of labor demanded by employers exactly matches the quantity of labor supplied by workers.

Minimum Wage

The lowest legal wage that employers can pay their workers. It's a labor policy tool used to ensure workers can earn a basic standard of living from their employment.

Shortage Of Labor

A situation in which the demand for labor exceeds the supply available, often leading to increased wages and a struggle for employers to fill job positions.