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

question 99

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
$X =$ Consumer Products
$Y =$ Telecommunications

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


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

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

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Definitions:

Monogamy

A relationship structure where an individual has only one partner during their lifetime or at any one time (serial monogamy).

Homogamy

The practice or tendency of marrying someone who is similar to oneself in terms of race, ethnicity, religion, education level, social class, etc.

Western Luxury Brands

High-end brands originating from Western countries, known for their quality, exclusivity, and status symbol.

Consumer Market

A category of markets consisting of individuals and households who buy goods and services for personal consumption.