At a local college, 65 female students were randomly selected and it was found t

Question

At a local college, 65 female students were randomly selected and it was found that their mean monthly income was $609 with a st6andard deviation of $ 121.50.75 male students were also randomly selected and their mean monthly income was found to be $ 651 with a standard deviation of $ 168.70. Test the claim that male students have a higher mean monthly income than female students. Use a = 0.01. State the conclusion. There is insufficient evidence to suggest that male students have a higher mean monthly income than female students There is sufficient evidence to suggest that male students have a higher mean monthly income than female students There is sufficient evidence to suggest that female students have a higher mean monthly income than male students We are 1% confident that male students have a h:gher mean monthly income than female students.

Explanation / Answer

p value is greater than 0.01 so our conlusion is fail to reject Ho

there is insufficent evidence to suggest that man studnets have a higher mean monthly income than female studnets!

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