QUESTION 8
The following table summarizes the results of a t-test for differences.
Table 5: t-Test – Severance Amount (Alpha 0.05)
Male
Female
Mean
79,654
65,432
Variance
0.35
0.21
Observations
100
150
t Stat
1.77
P(T<=t) two-tail 0.09 t Critical two-tail 2.08 Q8. What hypothesis is being tested in Table 4? Interpret the results of the t test.
Expert Answer
Hypothesis being tested is difference of severance amount of Male and Female.
H0: μ1 = μ2
Ha: μ1 ≠ μ2
Null hypothesis is that there is no significance difference between the severance amount of Male and Female.
t-stat (1.77) is less than critical two-tail (2.08)
Therefore, null hypothesis is rejejected and we can conclude that the
OR
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OR
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