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Question
Starting annual salaries for business school graduates majoring in finance and management information systems (MIS) were collected in two independent random samples. Use the following data to develop a 95% confidence interval estimate of the difference between the starting salaries for the two majors. Based on previous studies, the population standard deviations for Finance and MIS salaries are estimated to be $2,100 and $2,600, respectively.| Finance | MIS |
| n1 = 60 | n2 = 50 |
 = $43,200 |
 = $46,500 |
Answer
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