Question

Exhibit 10-8
In order to determine whether or not there is a significant difference between the hourly wages of two companies, the following data have been accumulated.

Company ACompany B
Sample size8060
Sample mean$16.75$16.25
Population standard deviation$1.00$0.95
Refer to Exhibit 10-8. A point estimate for the difference between the two sample means is
a. 20
b. 0.50
c. 0.25
d. 1.00

Answer

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