Question
Data was collected from CEOs of companies within the consumer products industry sector. The following printout compares the mean return-to-pay ratios between CEOs in the
Data was collected from CEOs of companies within the consumer products industry sector. The following printout compares the mean return-to-pay ratios between CEOs in the low-tech industry with CEOs in the consumer products industry.
H0: 1 = 2
Samples chosen from RETURN industry 1 (low tech) industry 3 (consumer products) ______________________________________________
1 = 157.286 variance1 = 1563.45 sample size of industry 1 = 14 2 = 217.583 variance2 = 1601.54 sample size of industry 2 = 12
1- 2 = -60.2976 tv = - 3.85 P-VALUE = 0.000290753
Using the printout above, find the P- value necessary for testing whether the mean return-to-pay ratio of low-tech CEOs exceeds the return-to-pay ratio of consumer product CEOs.
options:
-60.30
0.0003
none of these
-3.85
14.24
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started