Problem

Incomes of high school graduates. A high school counselor wants to estimate the difference...

Incomes of high school graduates. A high school counselor wants to estimate the difference in mean income per day between high school graduates who have a college education and those who have not gone on to college. Suppose it is decided to compare the daily incomes of 30-year-olds, and the range of daily incomes for both groups is approximately $200 per day. How many people from each group should be sampled in order to estimate the true difference between mean daily incomes correct to within $10 per day with probability .9? Assume that n1 = n2 .

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