This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Salary data were collected from CEOs in the consumer products industry and CEOs in the ... (Read 620 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Feb 14, 2020

Question 1

Calculate the degrees of freedom associated with a small-sample test of hypothesis for assuming and
◦ 12
◦ 23
◦ 11
◦ 25

Question 2

Salary data were collected from CEOs in the consumer products industry and 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

What of the following assumptions is necessary to perform the test described above?
◦ The standard deviations of the two populations of salaries are both large.
◦ The population of salaries for each of the two industries has an approximately normal distribution.
◦ The means of the two populations of salaries are equal.
◦ None. The Central Limit Theorem takes care of all assumptions
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Evvie72 on Feb 14, 2020

smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Aman Rohan

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Jul 24, 2020
thank you


« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Nurses should teach lactating women to avoid all drugs, herbal products, or dietary supplements ... Nurses should teach lactating women to avoid all drugs, herbal products, or dietary supplements ...
Distribution of Thunderstorms: Detailed data on cloud-to-ground lightning flashes have been ... Distribution of Thunderstorms: Detailed data on cloud-to-ground lightning flashes have been ...
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library