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Data Were Collected from CEOs in the Consumer Products Industry X=X =

Question 84

Multiple Choice

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=X = Consumer Products
Y=Y = Telecommunications

SAMPLE MEAN OF X=1761X = 1761
SAMPLE VARIANCE OF X=3.97555X = 3.97555 E6
SAMPLE SIZE OF X =21= 21


SAMPLE MEAN OF Y=1093.5Y = 1093.5
SAMPLE VARIANCE OF Y=103255Y = 103255
SAMPLE SIZE OF Y=21\mathrm { Y } = \quad 21
MEAN X - MEAN Y =667.5= \quad 667.5
test statistic =1.47809= \quad 1.47809
D. F. =40= 40
PVALUE=0.147626\mathrm { P } - \mathrm { VALUE } = \quad 0.147626
P-VALUE /2=0.0738131/ 2 = 0.0738131
SD. ERROR =451.597= \quad 451.597
Find the p-value for testing a two-tailed alternative hypothesis.


A) 0.0738131
B) 0.9261869
C) 0.295252
D) 0.147626

Correct Answer:

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