b. Using
= .10, test to determine if the average starting salary for an MIS graduate is $4,000 more
than the starting salary for a finance graduate. Use both the critical value and p-value approach-
es to hypothesis testing. (Hint: the null hypothesis is H0:
1 –
2 = $4,000, where
1 is the aver-
age starting salary of MIS graduates.)
62. 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.)
No Training Training
76 80
80 66
60 71
91 79
73 94
77 74
82 83
68 78
75
86
a. Develop a 95% confidence interval estimate for the difference between the average test scores for
the two populations of employees.
b. Using
= .05, test for any difference between the average test scores for the two populations of
employees.
63. 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?