The following is an SPSS output showing descriptive statistics of annual income ($000) of a sample of male and female middle-level sales managers in a multi-national company. Group Statistics GENDER Male Female Mean Std. Deviation Std. Error Mean Annual Income 2.61 2.93 50 65.63 18.45 20.73 63.38 Explain the meaning of the two confidence interval estimates obtained in Question 2 in the context of the data. 50 Answers: We are 95% certain that the annual income of a sample of male and female middle-level sales managers in the target population is between

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The following is an SPSS output showing descriptive statistics of annual income ($000) of a sample of male and
female middle-level sales managers in a multi-national company.
Group Statistics
GENDER
N
Mean
Std. Deviation
Std. Error Mean
Annual Income
Male
50
65.63
18.45
2.61
Female
20.73
50
63.38
2.93
Explain the meaning of the two confidence interval estimates obtained in Question 2 in the context of the data.
Answers:
We are 95% certain that the annual income of a sample of male and female middle-level sales managers in the target
population is between
Transcribed Image Text:The following is an SPSS output showing descriptive statistics of annual income ($000) of a sample of male and female middle-level sales managers in a multi-national company. Group Statistics GENDER N Mean Std. Deviation Std. Error Mean Annual Income Male 50 65.63 18.45 2.61 Female 20.73 50 63.38 2.93 Explain the meaning of the two confidence interval estimates obtained in Question 2 in the context of the data. Answers: We are 95% certain that the annual income of a sample of male and female middle-level sales managers in the target population is between
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