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A Researcher Was Interested in Comparing the Salaries of Female

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A researcher was interested in comparing the salaries of female and male employees of a particular large company.Independent random samples of 8 female employees (sample 1)and 15 male employees (sample 2)yielded the following weekly salaries (in dollars).  Female  Male 4957225187605629045568801150904520805520500480100512509707437506056601640\begin{array} { r | r r } \text { Female } & \text { Male } & \\\hline 495 & 722 & 518 \\760 & 562 & 904 \\556 & 880 & 1150 \\904 & 520 & 805 \\520 & 500 & 480 \\1005 & 1250 & 970 \\743 & 750 & 605 \\660 & 1640 &\end{array}


Definitions:

Theory Of Rent

A principle explaining how the price and allocation of land and its resources are determined based on their use, productivity, and locational advantages.

Efficiently Allocating

The process of distributing resources in a manner that maximizes the net benefits received from their use.

Long-term Investment

Assets that are held for an extended period, typically over one year, to generate growth, income, or capital gains, such as stocks or real estate.

Present Value

The existing value of a forthcoming sum of money or cash flow sequence, adjusted for a specific return rate.

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