A recent study focused on the amount of money single men

Reference no: EM13644778

A recent study focused on the amount of money single men and women saved monthly. The information is summarized below. Assume that the population standard deviations are equal.

	Sample Size	Sample MEan	Sample Standard Dev
Men	40	475	100
Women	50	500	80

At the .01 significance level, do women save more money than men?

a. Reject the null hypothesis and conclude that women save more than men.

b. reject the null hypothesis and conclude that women and men save the same amount

c. fail to reject the null hypothesis and conclude that women save the same or less than men

d. fail to reject the null hypothesis and conclude the means are different

Reference no: EM13644778

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