[See Solution] The following statistics were derived from a survey dividing the total annual incomes of sponsored research university professors from those
Question: The following statistics were derived from a survey dividing the total annual incomes of sponsored research university professors from those teaching at universities with little or no sponsored research:
Research Universities Other Universities
Sample Size: 250 Sample Size: 400
Mean: $97,400 Mean: $68,750
Std. Dev.: $27,200 Std. Dev.: $24,500
Using a 1% significance level, can it be shown that the population of Research University Professors earns significantly more, on the average, than the population of Professors at Other Universities?
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