Two Different Firms Design Their Own Tests for Business Graduates

question 84

Short Answer

Two different firms design their own tests for business graduates, and an employer administers both versions to a random selection of prospective employees. Results are below.
At α = .02, test the claim that both versions produce the same score.
Mean difference = −4.25
Standard error of the difference = 1.411

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Definitions:

Payroll Deductions

Amounts subtracted from an employee's gross pay for taxes, insurance, retirement contributions, and other mandatory or voluntary expenses.

Pension Contributions

Funds put into a pension plan by individuals or employers intended to finance retirement benefits.

Health Contributions

Payments made towards health insurance or healthcare services, often deducted from an employee's salary or made by employers.

Federal Depository Banks

Banks that are authorized to hold deposits for the Federal Reserve System, facilitating the federal government's cash management and payments.