Solved

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

Question 8

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 Y \text { HYPOTHESIS: MEAN X = MEAN Y }

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

X=industry 1 Y=ndustry3 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 OFY=1601.54 SAMPLE SIZE OFY=12 MEAN X - MEAN Y =60.2976t=4.23468PVALUE=0.000290753 P-VALUE /2=0.000145377SD,ERROR=14.239\begin{array}{rl}\text {X} =& \text {industry 1}\\\text { Y} =&\text {ndustry3}\\\\\text { SAMPLE MEAN OF X }=&157.286 \\\text { SAMPLE VARIANCE OF } X=&1563.45\\ \text { SAMPLE SIZE OF } X=&14 \\\text { SAMPLE MEAN OF } \mathrm{Y}=&217.583\\ \text { SAMPLE VARIANCE OF} Y=&1601.54 \\ \text { SAMPLE SIZE OF}Y=&12 \\\\\text { MEAN X - MEAN Y }=&-60.2976 \\\text {t}=&-4.23468 \\\mathrm{P}-\mathrm{VALUE}=&0.000290753 \\\text { P-VALUE } / 2=&0.000145377 \\\mathrm{SD}, \mathrm{ERROR}=&14.239 \\\end{array}


Using the printout, which of the following assumptions is not necessary for the test to be valid?


A) The population variances are equal.
B) The samples were randomly and independently selected.
C) The population means are equal.
D) Both populations have approximately normal distributions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents