Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

How do I answer this problem?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra A Modern Introduction

Authors: David Poole

4th edition

1285463242, 978-1285982830, 1285982835, 978-1285463247

More Books

Students also viewed these Mathematics questions

Question

26 Better advertising.

Answered: 1 week ago