Problem-3 Two independent random samples of annual starting salaries for individuals with master's and bachelor's degrees in business were taken. Use the data shown below and provide a 95% confidence interval estimate for the difference between the salaries of the two groups. Master's Degree Bachelor's Degree Sample Size Sample Mean 14 $58,000 Sample Standard Deviation $2,400 12 $55,000 $2,000

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Problem-3
Two independent random samples of annual starting salaries for individuals with master's
and bachelor's degrees in business were taken. Use the data shown below and provide a
95% confidence interval estimate for the difference between the salaries of the two groups.
Master's Degree Bachelor's Degree
Sample Size
Sample Mean
14
$58,000
Sample Standard Deviation
$2,400
12
$55,000
$2,000
Transcribed Image Text:Problem-3 Two independent random samples of annual starting salaries for individuals with master's and bachelor's degrees in business were taken. Use the data shown below and provide a 95% confidence interval estimate for the difference between the salaries of the two groups. Master's Degree Bachelor's Degree Sample Size Sample Mean 14 $58,000 Sample Standard Deviation $2,400 12 $55,000 $2,000
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