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
industry1
industry3
SAMPLE MEAN OF
SAMPLE VARIANCE OF
SAMPLE SIZE OF
SAMPLE MEAN OF
SAMPLE VARIANCE OF
SAMPLE SIZE OF
MEAN X - MEAN Y
SD. ERROR
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
Correct Answer:
Verified
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