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Some people say if you want to make money after you graduate that you should major...

Some people say if you want to make money after you graduate that you should major in something \technical." A survey of 1400 recent graduates showed that students who had taken two or more classes in statistics had an average salary of $42,571 (n = 428, s = 5600) while those who hadn't taken as many statistics courses had an average salary of $38,200 (n = 972, s = 6000). Is the conventional wisdom true; should students that want to earn more consider taking statistics?

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Expert Solution

Let denotes the average salary of students who had taken two or more classes in statistics and   denotes the average salary of students who hadn't taken as many statistics courses.

Conclusion : There is enough evidence to support the conventional wisdom true that students that want to earn more should consider taking statistics.

milcah answered 1 year ago
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