Consider the Following Set of Salary Data Suppose the Test Statistic Turned Out to Be

question 11

Multiple Choice

Consider the following set of salary data: $\begin{array}{lrr}\hline & \text { Men (1) } & \text { Women (2) } \\\hline \text { Sample Size } & 100 & 80 \\\text { Mean } & \$ 12,850 & \$ 13,000 \\\text { Standard Deviation } & \$ 345 & \$ 500 \\\hline\end{array}$

Suppose the test statistic turned out to be $z = - 1.20$ (not the correct value) . Find a two-tailed $p$ -value for this test statistic.

• A) .2302
• B) .1151
• C) .3849
• D) .6151

---

Definitions:

Evaluation Phase

A stage in a process where the outcomes are assessed to determine their success, effectiveness, or value compared to the stated objectives or criteria.

Planning Gap

The difference between a company’s current performance and its desired goals, often leading to strategic changes to bridge the gap.

Contribution Margin

A financial metric that represents the difference between sales revenue and variable costs, indicating how much revenue contributes to fixed costs and profit.

Break-Even Point

The point at which total costs match total revenue, meaning there is neither profit nor loss.