Question

Two independent random samples of annual starting salaries for individuals with masters and bachelors degrees in business were taken and the results are shown below.

Masters DegreeBachelors Degree
Sample Size3330
Sample Mean (in $1,000)5854
Sample Standard Deviation (in $1,000)2.42.0

a. What are the degrees of freedom for the tdistribution?
b. Provide a 95% confidence interval estimate for the difference between the salaries of the two groups.

Answer

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