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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