Question

The following statistics describe the hourly wages paid by two firms. Firm A Firm B Sample size 50 40 Sample mean $16.5 $16 Population standard deviation $0.9 $0.85 The test statistic used to evaluate whether there is any significant difference between the mean hourly wages is:

Answer 1

The t-test statistic is used to evaluate whether there is any significant difference between the mean hourly wages.

What is t-test?

To evaluate whether there is a statistically significant difference between the means of two variables, a t-test is an inferential statistic that is utilized.

A statistical test for assessing hypotheses is the t-test.

The difference between the means from each data set, the standard deviation of each group, and the total number of data values are the three basic data values needed to do a t-test.

There are independent and dependent T-tests.

The problem statement is established mathematically by using a sample from each of the two sets in the t-test. It presupposes that the two means are equal, which is the null hypothesis.

Learn more about t-test here:

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