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OpenStax, Introductory Statistics 2e §10.1 Two Population Means with Unknown Standard Deviations · Exercise 4 · Statistics · Hypothesis testing

Two Population Means with Unknown Standard Deviations · Exercise 4

Indicate if the hypothesis test is for

The known standard deviation in salary for all mid-level professionals in the financial industry is $11,000. Company A and Company B are in the financial industry. Suppose samples are taken of mid-level professionals from Company A and from Company B. The sample mean salary for mid-level professionals in Company A is $80,000. The sample mean salary for mid-level professionals in Company B is $96,000. Company A and Company B management want to know if their mid-level professionals are paid differently, on average.

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OpenStax, Introductory Statistics 2e · §10.1 Two Population Means with Unknown Standard Deviations · Exercise 4

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