Answer:
Since is a bilateral test the p value would be:
We have a very low p value so then we have enough evidence to conclude that the two population means are significantly different at a significance level of 1% for example.
Step-by-step explanation:
Data given
represent the mean for sample 1 college degree
represent the mean for sample 2 non college degree
represent the sample standard deviation for 1
represent the sample standard deviation for 2
sample size for the group 2
sample size for the group 2
t would represent the statistic (variable of interest)
Concepts and formulas to use
We need to conduct a hypothesis in order to check if the difference in the population means, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
We don't have the population standard deviation's, so for this case is better apply a t test to compare means, and the statistic is given by:
(1)
And the degrees of freedom are given by
Statistic
With the info given we can replace in formula (1) like this:
P value
Since is a bilateral test the p value would be:
We have a very low p value so then we have enough evidence to conclude that the two population means are significantly different at a significance level of 1% for example.