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# Hypothesis test for amounts paid into private pension funds

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A sample of 87 professional working women showed that the average amount paid into private pension fund per person, per year, was \$5,152, and that the population standard deviation is \$1,100. A sample of 76 professional working men showed that the average amount paid into a private pension fund per person, per year was, \$5,727, with a population standard deviation of \$1,700. At a 5% level of significance, do the data show a difference between men and women in the average amount paid into private pension funds? What is your conclusion?

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The expert examines hypothesis tests for amounts paid into private pension funds.

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hypothesis test
a sample of 87 professional working women showed that the average amount paid into private pension fund per person, per year, was \$5,152, and that the population standard deviation is \$1,100. a sample of 76 professional working men showed that the average amount paid into a private pension fund per person, per year was, \$5,727, with a population standard deviation of \$1,700. at a 5% level of significance, do the data show a difference between men and women in the average amount paid ...

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