The annual earnings of 25 people with a high school diploma and 16 people with an associate’s degree are shown in the table. Can you conclude that there is a difference in the mean annual earnings based on level of education? Use α = 0.05. Assume the populations are normally distributed and the population variances are not equal.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

The annual earnings of 25 people with a high school diploma and 16 people with an associate’s degree are shown in the table. Can you conclude that there is a difference in the mean annual earnings based on level of education? Use α = 0.05. Assume the populations are normally
distributed
and the population variances are not equal.


High School Diploma Associates degree
X1 = $36,875 X2= $44,900
S1= $5475 S2=$8580
n1=25 n2=16



Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON