Hiring expectations for companies

You are conducting a survey to assess hiring expectations for companies in the region. You take a sample of 40 manufacturing companies and 60 service companies. On average, the companies in the manufacturing sample reported that they expected to add 12.7 jobs over the next 6 months, with a standard deviation of 4.8 jobs. On average, companies in the service sector sample expected to add 10.8 jobs, with a standard deviation of 3.6 jobs. Set up a hypothesis test to test a Ac€A?no difference in population meansAc€?? null hypothesis. Compute the p-value for the sample result in this two-tailed test.

 

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