In a study of annual salaries of employees, random samples were selected from two companies to test if there is a difference in average salaries. For Company "X", the sample was size 65, the sample mean was $47,000 and the population standard deviation is assumed to be $11,000. For Company "Y", the sample size was 55, the sample mean was $44,000 and the population standard deviation is assumed to be $10,000. Test for a difference in average salaries at a 5% level of significance. What is your conclusion?
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