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Data Was Collected from CEOs of Companies Within Both the Low-Tech

Question 41

Multiple Choice

Data was collected from CEOs of companies within both the low-tech industry and the consumer products industry. The following printout compares the mean return-to-pay ratios between CEOs in the low-tech industry and CEOs in the consumer products industry.

HYPOTHESIS: MEAN X = MEAN Y
SAMPLES SELECTED FROM RETURN
industry 11 \quad (low tech) (NUMBER=15) \quad ( \mathrm { NUMBER } = 15 )
industry 33 \quad (consumer products) (NUMBER=15\quad ( \mathrm { NUMBER } = 15 )

X=X = industry1
Y=\mathrm { Y } = industry3
SAMPLE MEAN OF X=157.286X = 157.286
SAMPLE VARIANCE OF X=1563.45X = 1563.45
SAMPLE SIZE OF X =14= 14
SAMPLE MEAN OF Y=217.583Y = 217.583
SAMPLE VARIANCE OF Y=1601.54Y = 1601.54
SAMPLE SIZE OF Y=12Y = 12


MEAN X - MEAN Y =60.2976= - 60.2976
t=4.23468\mathrm { t } = - 4.23468
PVALUE=0.000290753\mathrm { P } - \mathrm { VALUE } = 0.000290753
P-VALUE /2=0.000145377/ 2 = 0.000145377
SD. ERROR =14.239= 14.239

Using the printout above, find the test statistic necessary for testing whether the mean return-to-pay ratio of low tech CEO's exceeds the return-to-pay ratio of consumer product CEOs.


A) 14.23914.239
B) 60.2976- 60.2976
C) .000145377.000145377
D) 4.23468- 4.23468

Correct Answer:

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