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    Independent Random Smaple

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    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.

    © BrainMass Inc. brainmass.com June 3, 2020, 4:45 pm ad1c9bdddf
    https://brainmass.com/statistics/hypothesis-testing/independent-random-smaple-2863

    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

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