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

Author Question: Data was collected from CEOs of companies within both the low-tech industry and the consumer ... (Read 100 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Feb 14, 2020
Data was collected from CEOs of companies within both the low-tech industry and the consumer products industry. The following printout compares the mean return-to-pay ratios between CEOs in the low tech industry with CEOs in the consumer products industry.

       HYPOTHESIS: MEAN X = MEAN Y

SAMPLES SELECTED FROM RETURN
industry 1(low tech)(NUMBER = 15)
industry 3(consumer products)(NUMBER = 15)
_____________________________________________________________

X = industry1
Y = industry3
SAMPLE MEAN OF X =157.286
SAMPLE VARIANCE OF X =1563.45
SAMPLE SIZE OF X =14
SAMPLE MEAN OF Y =217.583
SAMPLE VARIANCE OF Y =1601.54
SAMPLE SIZE OF Y =12
MEAN X - MEAN Y =-60.2976
t =-4.23468
P-VALUE =0.000290753
P-VALUE/2 =0.000145377
SD. ERROR =14.239

If we conclude that the mean return-to-pay ratios of the consumer products and low tech CEOs are equal when, in fact, a difference really does exist between the means, we would be making a __________.
◦ Type III error
◦ Type I error
◦ Type II error
◦ correct decision
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 serike on Feb 14, 2020

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
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 45% of students answer this correctly


serike

  • Member
  • Posts: 542
Reply 2 on: Feb 14, 2020
Wow, this really help

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Dimensions for gathering data Dimensions for gathering data
Material safety data sheets (MSDS), now called safety data sheets (SDS), should be readily available ... Material safety data sheets (MSDS), now called safety data sheets (SDS), should be readily available ...
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 ...
How to create a frequency table and histogram from raw data How to create a frequency table and histogram from raw data
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
Find a quadractic equation that models the data in standard form Find a quadractic equation that models the data in standard form
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library