3. The following earnings data represent random samples drawn from male and female company executives...
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Accounting
3. The following earnings data represent random samples drawn from male and female company executives in the United Kingdom.
Male and Female Executive Earnings
Male Earnings - | Female Earnings -
|
50100 | 41200 |
47800 | 36600 |
45000 | 44500 |
51500 | 47800 |
55000 | 42500 |
53850 | 47500 |
51500 | 40500 |
63900 | 28900 |
57800 | 48000 |
61100 | 42300 |
51000 | 40000 |
| 31400 |
(a) Use a significance level of 0.05 to ascertain if earnings variability is different across gender.
(b) Use a t-test and a significance level of 0.05 to establish whether, on average, a male chief executive earns significantly more than a female chief executive.
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