Question

In a study of annual salaries of employees, random samples were selected from two companies to...

In a study of annual salaries of employees, random samples were selected from two companies to test if there is a difference in average salaries. For Company "X", the sample was size 65, the sample mean was $47,000 and the population standard deviation is assumed to be $11,000. For Company "Y", the sample size was 55, the sample mean was $44,000 and the population standard deviation is assumed to be $10,000. Test for a difference in average salaries at a 5% level of significance. What is your conclusion?

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
In a study of annual salaries of employees, random samples were selected from two companies to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Independent random samples taken at two companies provided the following information regarding annual salaries of the...

    Independent random samples taken at two companies provided the following information regarding annual salaries of the employees. Company A Company B Sample Size 72 50 Sample Mean (in $1,000) 48 43 Population Standard Deviation (in $1,000) 12 10 a. We want to determine whether or not there is a significant difference between the average salaries of the employees at the two companies. Compute the test statistic. b. Compute the p-value; and at 95% confidence, test the hypotheses.

  • Test the indicated claim about the means of two populations. Assume that the two samples are independent simple random samples selected from normally distributed populations. Do not assume that the po...

    Test the indicated claim about the means of two populations. Assume that the two samples are independent simple random samples selected from normally distributed populations. Do not assume that the population standard deviations are equal. Use the traditional method or P-value method as indicated. A researcher was interested in comparing the response times of two different cab companies. Companies A and B were each called at 50 randomly selected times. The calls to company A were made independently of the...

  • A company makes all its employees take a leadership test where a simple random sample of...

    A company makes all its employees take a leadership test where a simple random sample of 25 employees is selected. Recall that the population of scores is normally distributed with mean of 145 and a population standard deviation of 20. Answer the following probability question for random samples like this. (a) What is the mean of the distribution of means for all samples of this size? What standard error applies to the distribution of means for groups of this size?...

  • Two samples each of size 20 are taken from independent populations assumed to be normally distributed...

    Two samples each of size 20 are taken from independent populations assumed to be normally distributed with equal variances. The first sample has a mean of 43.5 and a standard deviation of 4.1 while the second sample has a mean of 40.1 and a standard deviation of 3.2. A researcher would like to test if there is a difference between the population means at the 0.05 significance level. What can the researcher conclude? There is not sufficient evidence to reject...

  • 2. 22 random samples were selected from a population that has a normal distribution. The sample...

    2. 22 random samples were selected from a population that has a normal distribution. The sample (1 point) has a mean of 99 and a standard deviation of 5 . Construct a 95% confidence interval for the population standard deviation 76 < σ < 141 3.What are the critical values 2? and 2 that correspond to a 99% confidence level and a (lpom) sample size of 30? 13.121, 52.336 13.787, 53.672 14.257, 49.588 19.768, 39.087

  • The distribution of weekly salaries at a large company is right-skewed with a mean of $1000...

    The distribution of weekly salaries at a large company is right-skewed with a mean of $1000 and a standard deviation of $350. a) Determine the sampling distribution of the mean salary for samples of size 60. b) If a sample of weekly salaries of 60 employees is randomly selected, what is the probability that the sample mean salary will be within $50 of the population mean $1000 (the mean weekly salary for all employees)?

  • 1) Random samples of size n were selected from populations with the means and variances given...

    1) Random samples of size n were selected from populations with the means and variances given here. Find the mean and standard deviation of the sampling distribution of the sample mean in each case. (Round your answers to four decimal places.) (a) n = 16, μ = 14, σ2 = 9 μ=σ= (b) n = 100, μ = 9, σ2 = 4 μ=σ= (c) n = 10, μ = 118, σ2 = 1 μ=σ= 3) A random sample of size...

  • Independent random samples were selected from two quantitative populations, with sample sizes, means, and variances given...

    Independent random samples were selected from two quantitative populations, with sample sizes, means, and variances given below. Sample Size Sample Mean Sample Variance Population 1 2 34 45 9.8 7.5 10.83 16.49 State the null and alternative hypotheses used to test for a difference in the two population means. O Ho: (41 - H2) = 0 versus Ha: (41 - M2) > 0 Ho: (41 – 12) # O versus Ha: (H1 - H2) = 0 HO: (41 – My)...

  • A study was conducted to determine if the salaries of librarians from two neighboring states were...

    A study was conducted to determine if the salaries of librarians from two neighboring states were equal. A sample of 100 librarians from each state was randomly selected. The mean from the first state was $29,100 with a standard deviation of $2300. The mean from the second state was $30,500 with a standard deviation of $2100. Test the hypothesis that the salaries from both states are equal. Use α =05. Determine the test statistic to three decimal places.

  • Test the indicated claim about the means of two populations. Assume that the two samples are...

    Test the indicated claim about the means of two populations. Assume that the two samples are independent simple random samples selected from normally distributed populations. Do not assume that the population standard deviations are equal. Use the traditional method or P-value method as indicated. A researcher was interested in comparing the response times of two different cab companies. Companies A and B were each called at 50 randomly selected times. The calls to company A were made independently of the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT