You Are Interested in Examining the Salaries Earned by Graduate

question 33

Essay

You are interested in examining the salaries earned by graduate business school students at the end of the first year after graduation.In particular,you are interested in seeing whether there is a difference between men and women graduates' salaries.From a random sample of 55 women,you find the mean salary to be $47,520 with a standard deviation of $5,633.From a sample of 64 men,you find the mean salary to be $44,304 with a standard deviation of $4,793.Assume the random sample observations are from normally distributed populations,and that the population variances are assumed to be equal.Develop a 95% confidence interval for the difference between the population mean salary for men and women.

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Definitions:

Human Resource Management

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage.

Joint Health

A state of physical well-being concerning the functionality and condition of the body's joints, including their strength and freedom from pain.

Safety Committees

Groups formed within organizations to identify safety and health issues and to develop strategies to improve workplace safety.