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    Salary Difference Between Degrees and Experience

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    We will be comparing the different salary ranges between those who have a Bachelor's Degree and those who have 10 years of experience. A random sample of 15 salaries that have a mean of $36,232. If the population standard deviation of those who have a Bachelor Degree or 10 years experience is $14,796.55, then what is the likelihood that people who obtain a degree will make more than those who have 10 years of experience with a confidence interval of 95% (significance level of α=0.05).

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    https://brainmass.com/statistics/confidence-interval/salary-difference-between-degrees-experience-233348

    Solution Summary

    This solution response compares the salaries of those who have a Bachelor's degree and those who have 10 years of experience.

    $2.19

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