In: Statistics and Probability
in order to determine whether or not there is a significant difference between the hourly wages of the two companies the following data has been calculated.
company A company B
sample size 80 60
sample mean $16.75 $16.25
standard deviation $1.00 $0.95
A) what is the point estimate for the difference between the two means?
B) the standard error of x1 - x2 is
C)what is the 95% confidence interval for the difference between the two means?
D) what is the test statistic for the difference between the two population means?
E) what is the p-value for the difference between the two population means?
F) what is the conclusion that can be made about the difference between the two population means? (use a .05 level of significance)