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Author Question: Salary data were collected from CEOs in the consumer products industry and CEOs in the ... (Read 545 times)

Evvie72

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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
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Marked as best answer by Evvie72 on Feb 14, 2020

smrtceo

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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.
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Aman Rohan

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Reply #2 on: Jul 24, 2020
thank you


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