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The Estimated Standard Error for the Independent-Measures T Statistic Provides

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The estimated standard error for the independent-measures t statistic provides a measure of how much difference should exist,on average,between two sample means for samples selected from the same population.​

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Definitions:

Poverty Rates

The percentage of the population that lives below the poverty line, which is often defined as the income level at which a person cannot afford the minimum necessities for life.

Elderly

Individuals of an older age, typically considered to be those aged 65 and over.

Past Few Decades

A term referring to the period extending roughly from the last 20-30 years to the present.

Minimum Wage Law

Legislation that sets the lowest hourly wage rate that an employer can legally pay to workers.

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