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

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) Type III error
C) Type II error
D) correct decision

Question

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

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) Type III error 
C) Type II error 
D) correct decision

Quizplus · Accepted Answer

The Answer of 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

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) Type III error 
C) Type II error 
D) correct decision

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