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Data were collected from CEOs in the consumer products industry and the CEOs in the telecommunication industry. The data were analyzed using a software package

Data were collected from CEOs in the consumer products industry and the CEOs in the

telecommunication industry. The data were analyzed using a software package in order to compare

mean salaries of CEOs in the two industries.

HYPOTHESIS: MEAN X = MEAN Y

SAMPLES SELECTED FROM SALARY

X = Consumer Products

Y = Telecommunications

SAMPLE MEAN OF X = 1761

SAMPLE VARIANCE OF X = 3.97555E6

SAMPLE SIZE OF X = 21

SAMPLE MEAN OF Y = 1093.5

SAMPLE VARIANCE OF Y = 103255

SAMPLE SIZE OF Y = 21

MEAN X - MEAN Y = 667.5

test statistic = 1.47809

D. F. = 40

P-VALUE = 0.147626

P-VALUE/2 = 0.0738131

SD. ERROR = 451.597

Using = .05, give the rejection region for a two-tailed test.

A) Reject H0 if t > 2.021.

B) Reject H0 if t > 1.684.

C) Reject H0 if t > 1.684 or t < -1.684.

D) Reject H0 if t > 2.021 or t < -2.021.

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