Reference no: EM132855246

Associate's Degree Bachelor's Degree: What is the effect of college education on wages? Use the data presented in the table below to determine the effect of college education on wages. Listed below are hourly wages for two groups of employees all working in the same position at a particular technology firm. The workers in one group have earned an associate's degree while members of the other group hold at least a bachelor's degree. Test the null hypothesis that there are no differences in mean wages by degrees held by employees. Use a .05 significance level. Provide the t-ratio, degrees of freedom, and the decision about the null in your answer.

$10.75 $10.75

$11.25 $12.25

$11.05 $11.60

$10.00 $9.80

$9.70 $9.40

$11.00 $12.60

$10.10 $11.80

$9.40 $10.40

$9.20 $11.90

$11.10 $12.70