Instruction 10-2
a Researcher Randomly Sampled 30 Graduates of an MBA

Short Answer

Instruction 10-2
A researcher randomly sampled 30 graduates of an MBA program and recorded data concerning their starting salaries. Of primary interest to the researcher was the effect of gender on starting salaries. The result of the pooled-variance t test of the mean salaries of the females (Population 1) and males (Population 2) in the sample is given below.
$\begin{array}{|l|r|}\hline \text { Hypothesised Difference } & 0 \\\hline \text {Level of Significance } & 0.05 \\\hline \text { Population 1 Sample } &\\\hline \text { Sample Size } & 18 \\\hline \text { Sample Mean } & 48266.7 \\\hline \text { Sample Standard Deviation } & 13577.63 \\\hline \text { Population 2 Sample } &\\\hline \text { Sample Size } & 12 \\\hline \text { Sample Mean } & 55000 \\\hline \text { Sample StandardDeviation } & 11741.29 \\\hline \text { Differencein Sample Means } & -6733.3 \\\hline t \text {-Test Statistic } & -1.40193\\\hline \text {Lower-Tail Test } & \\\hline \text {Lower Critical Value }& -1.70113 \\\hline \text {p-Value }& 0.085962\\\hline \end{array}$
-Referring to Instruction 10-2,what is the 99% confidence interval estimate for the difference between two means?