In: Statistics and Probability
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 |