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

question 41

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 and CEOs in the consumer products industry.

HYPOTHESIS: MEAN X = MEAN Y
SAMPLES SELECTED FROM RETURN
industry $1 \quad$ (low tech) $\quad ( \mathrm { NUMBER } = 15 )$
industry $3 \quad$ (consumer products) $\quad ( \mathrm { NUMBER } = 15$ )

$X =$ industry1
$\mathrm { Y } =$ industry3
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 OF $Y = 1601.54$
SAMPLE SIZE OF $Y = 12$

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

Using the printout above, find the test statistic necessary for testing whether the mean return-to-pay ratio of low tech CEO's exceeds the return-to-pay ratio of consumer product CEOs.

Definitions:

Start-Up Firms

Are newly established businesses often characterized by innovation and scalability, typically in the technology sector, focusing on filling a niche or disrupting existing markets.

Total Cost

The overall sum of expenditures involved in manufacturing goods or providing services, incorporating both fixed and variable expenses.

Average Total Cost

The total cost of production divided by the number of goods produced, showing the average cost per unit.

Raw Materials

The basic, unprocessed materials used in manufacturing or production processes.