Statistics Solutions

[Steps Shown] Two independent random samples of annual starting salaries for individuals with masters and bachelor’s degrees in business were taken and

Question: Two independent random samples of annual starting salaries for individuals with masters and bachelor’s degrees in business were taken and the results are shown below

Masters
Degree 		Bachelors
Degree
Sample Size 33 30
Sample Mean (in $1,000) 58 54
Sample Standard Deviation (in $1,000) 2.4 2
a. What are the degrees of freedom for the t distribution?
b. Provide a 95% confidence interval estimate for the difference between the salaries of the two groups.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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