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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