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1- a. Determine the ratio of the average salary for 1994 and 2004. Does it appear that BusinessWeek was correct? Explain your answer. b. Examine
1- a. Determine the ratio of the average salary for 1994 and 2004. Does it appear that BusinessWeek was correct? Explain your answer.
b. Examine the sample standard deviations. What do these suggest is the relationship between the two population standard deviations? Support your
assertion.
c. Based on your response to part b, conduct a test of hypothesis to determine if the difference in the average CEO salary between 1994 and 2004 is more than $9.8 million. Use a p-value approach with a significance level of 0.025.
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