in order to determine whether or not there is a significant difference between the hourly wages...

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)

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Expert Solution

orchestra answered 1 year ago

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