Calculate the "t" value for independent groups for the following data using the formula provided in the attached word document. Using the raw measurement data presented, determine whether or not there exists a statistically significant difference between the salaries of female and male human resource managers using the appropriate t-test. Develop a testable hypothesis, confidence level, and degrees of freedom. Report the required "t" critical values based on the degrees of freedom. Show calculations.
The solution provides step by step method for the calculation of test statistic for comparison of salaries of female and male human resource managers. Formula for the calculation and Interpretations of the results are also included. Interactive excel sheet is included. The user can edit the inputs and obtain the complete results for a new set of data.