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In your sample, there are two groups of people: those who have a high school degree and those who have a bachelor's degree or higher. The following table shows the sample statistics of the two groups. You hypothesize that in general those who have a bachelor's degree or higher should earn more than those who have a high school degree. The estimated standard error is $360. Group 1 Group 2 Education High school BA or higher Sample size 361 169 mean $19,500 $20,500 st.dev $3,800 $3,900

In your sample, there are two groups of people: those who have a high school degree and those who have a bachelor's degree or higher. The following table shows the sample statistics of the two groups. You hypothesize that in general those who have a bachelor's degree or higher should earn more than those who have a high school degree. The estimated standard error is $360. Group 1 Group 2 Education High school BA or higher Sample size 361 169 mean $19,500 $20,500 st.dev $3,800 $3,900

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Conduct a t-test at the .01 level.

Calculate the T-statistic

In your sample, there are two groups of people: those who have a high school degree and those who have a bachelor's degree or higher. The following table shows the sample statistics of the two groups. You hypothesize that in general those who have a bachelor's degree or higher should earn more than those who have a high school degree. The estimated standard error is $360. Group 1 Group 2 Education High school BA or higher Sample size 361 169 mean $19,500 $20,500 st.dev $3,800 $3,900
Transcribed Image Text:In your sample, there are two groups of people: those who have a high school degree and those who have a bachelor's degree or higher. The following table shows the sample statistics of the two groups. You hypothesize that in general those who have a bachelor's degree or higher should earn more than those who have a high school degree. The estimated standard error is $360. Group 1 Group 2 Education High school BA or higher Sample size 361 169 mean $19,500 $20,500 st.dev $3,800 $3,900
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