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Author Question: Exhibit 10-8In order to determine whether or not there is a significant difference between the ... (Read 56 times)

kmcolvin

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Question 1

Exhibit 10-8
In order to determine whether or not there is a significant difference between the hourly wages of two companies, the following data have been accumulated.

 

 

Company A

Company B

Sample size

80.00

60.00

Sample mean

$16.75

$16.25

Population standard deviation

$1.00

$0.95


Refer to Exhibit 10-8. The test statistic is


0.098


1.645


2.75


3.01



Question 2

Exhibit 10-8
In order to determine whether or not there is a significant difference between the hourly wages of two companies, the following data have been accumulated.

 

 

Company A

Company B

Sample size

80.00

60.00

Sample mean

$16.75

$16.25

Population standard deviation

$1.00

$0.95


Refer to Exhibit 10-8. The p-value is


0.0013


0.0026


0.0042


0.0084



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Marked as best answer by kmcolvin on Mar 25, 2023

saly

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kmcolvin

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Reply 2 on: Mar 25, 2023
Excellent


jomama

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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