A college student is interested in investigating the daim that students who graduate with a master's degree earn higher salaries, on average, than those who finish with a bachelor's degree. She surveys, at random, 36 recent graduates who completed their master's degrees, and finds that their mean salary is \( \$ 35,000 \) per year. The standard deviation of annual salaries for the population of recent graduates who have master's degrees is known to be \( \$ 3400 \). She also surveys, at random. 48 recent graduates who completed their bachelor's degrees, and finds that their mean salary is \( \$ 34,100 \) per year. The standard deviation of annual salaries for the population of recent graduates with only bachelor's degrees is known to be \( \$ 1100 \). Test the claim at the 0.10 level of significance. Let recent graduates with a master's degree be Population 1 and let recent graduates with a bachelor's degree be Population 2 . Step 3 of 3 : Draw a conclusion and interpret the decision.
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