Question

In: Statistics and Probability

Suppose we have annual income for a sample of men and women provided below. Either using...

Suppose we have annual income for a sample of men and women provided below. Either using Excel or conducting this by hand, test to see whether the average annual income of men and women are the same. Conduct this at the 0.05 level. Make sure to test (also at the 0.05 level) that variances are the same. Show all your work or provide Excel output with a written explanation.

    Men

Women

99000

47000

32500

46500

14500

47200

78000

46900

22000

47300

15000

47250

92000

46750

11000

47100

37000

67000

Solutions

Expert Solution

ANSWER:

By using Excel


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