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Data Was Collected from CEOs of Companies Within Both the Low-Tech

Question 79

Multiple Choice

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 YY
 SAMPLES SELECTED FROM RETURN  industry 1 (low tech)   (NUMBER =15 )   industry 3 (consumer products)   (NUMBER =15) \begin{array}{l}\text { SAMPLES SELECTED FROM RETURN }\\\begin{array}{lll}\text { industry } 1 & \text { (low tech) } & \text { (NUMBER }=15 \text { ) } \\\text { industry } 3 & \text { (consumer products) } & \text { (NUMBER }=15) \end{array}\end{array}

X=X = industry1
Y=\mathrm { Y } = industry3
SAMPLE MEAN OF X=157.286X = 157.286
SAMPLE VARIANCE OF X=1563.45X = 1563.45
SAMPLE SIZE OF X=14X = 14
SAMPLE MEAN OF Y=217.583\mathrm { Y } = 217.583
SAMPLE VARIANCE OF Y=1601.54Y = 1601.54
SAMPLE SIZE OF Y=12\mathrm { Y } = 12

MEAN X - MEAN Y =60.2976= - 60.2976
t=4.23468t = - 4.23468
PVALUE=0.000290753\mathrm { P } - \mathrm { VALUE } = \quad 0.000290753
PVALUE/2=0.000145377\mathrm { P } - \mathrm { VALUE } / 2 = 0.000145377
SD. ERROR =14.239= 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__________.


A) Type I error
B) correct decision
C) Type II error
D) Type III error

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