82. Starting annual salaries for business school graduates majoring in finance and management
information systems (MIS) were collected in two independent random samples. Based on previous
studies, the population standard deviations for Finance and MIS salaries are estimated to be $2,100 and
$2,600, respectively. Use the following data to develop a 95% confidence interval estimate of the
difference between the starting salaries for the two majors.
83. A manager is thinking of providing, on a regular basis, in-house training for employees preparing for
an inventory management certification exam. In the past, some employees received the in-house
training before taking the exam, while others did not. Independent random samples taken from the
company’s records provided the following exam scores for 10 workers who did not receive in-house
training and 8 workers who did receive training. (The manager is confident that the distributions of
both populations’ exam scores are approximately normal.)
a. Develop a 95% confidence interval estimate for the difference between the average test scores for
the two populations of employees.
b. Using a = .05, test for any difference between the average test scores for the two populations of
employees.
84. A survey was recently conducted to determine if consumers spend more on computer-related
purchases via the Internet or store visits. Assume a sample of 8 respondents provided the following
data on their computer-related purchases during a 30-day period. Using a .05 level of significance,
can we conclude that consumers spend more on computer-related purchases by way of the Internet
than by visiting stores?