[Solution] The CEO of KAK Enterprises is concerned that there may be a disparity in starting salaries between newly hired females and newly hired males.
Question: The CEO of KAK Enterprises is concerned that there may be a disparity in starting salaries between newly hired females and newly hired males. Data for 27 randomly selected men and women who recently started work at KAK are presented in the worksheet Salaries in the Excel workbook 10F_Exam2.xls.
- Before examining the difference in the average starting salaries of men and women at KAK, one should determine whether the variances of starting salaries for men and women are equal. Perform a test for equal population variances at the = .05 level of significance. Clearly indicate the alternatives, test statistic, decision rule, and your conclusion in the space below. (10pts)
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Report the p-value associated with the test of hypothesis conducted in part (a) and interpret its meaning
in the space below
.
(5pts)
- Based on your conclusions in part (a), perform an appropriate test of hypothesis to determine if the average starting salary of women exceeds that of men at KAK. Perform your test at the = .05 level of significance. Clearly indicate the alternatives, test statistic, decision rule, and your conclusion in the space below . (10pts)
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