I would like to know if it is possible to calculate the # of standard deviations there is between 2 average salaries.
I have two groups of people and I know the total number in both groups and the total salary of both groups.
I also have the average salary for each group and the difference between the 2 average salaries.
Would I be able to get the number of standard deviations it is between the 2 average salaries?
For example:
Group 1 has 10 persons and their total salary is 100K.
Group 2 has 10 persons and their total salary is 200K.
Group 1's average salary is 10K.
Group 2's average salary is 20K.
Is there a way to calculate the number of standard deviations of the 10K average difference?
Thanks for any help.
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