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Author Question: Data was collected from CEOs of companies within both the low-tech industry and the consumer ... (Read 83 times)

pragya sharda

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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 and 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

Using the printout above, find the test statistic necessary for testing whether the mean return-to-pay ratio of low tech CEO's exceeds the return-to-pay ratio of consumer product CEOs.
◦ -4.23468
◦ 14.239
◦ .000145377
◦ -60.2976


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Marked as best answer by pragya sharda on Feb 14, 2020

briseldagonzales

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pragya sharda

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Reply 2 on: Feb 14, 2020
Thanks for the timely response, appreciate it


xiazhe

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Reply 3 on: Yesterday
Wow, this really help

 

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