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Independent Random Smaple

Independent random samples taken at two companies provide the following information regarding the anual salaries of the employees.
WhitneyCo. Max Co.
sample size 72 50
Sample mean (in$1000) 48 43
Sample standard deviation 12 10

1.at 95% confidence test to determine whether or not there is significant difference between the average salaries of the employees of the two companies.
2. Compute the P-value.

Solution Summary

The solution addresses the independent random sample taken at two companies provide the following information regarding the anual salaries of the employees for the Whitney Company and the Max Company.

$2.19