Find the value of the test statistic. W- Find the p-value. (Round your answer to four decimal places.) p-value=[ State your conclusion. Reject Ho. There is sufficient evidence to conclude the two population of CEO salaries are not identical. Reject Ho. There is sufficient evidence to conclude the two population of CEO salaries are identical.
Find the value of the test statistic. W- Find the p-value. (Round your answer to four decimal places.) p-value=[ State your conclusion. Reject Ho. There is sufficient evidence to conclude the two population of CEO salaries are not identical. Reject Ho. There is sufficient evidence to conclude the two population of CEO salaries are identical.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Find the value of the test statistic.
W =
Find the p-value. (Round your answer to four decimal places.)
p-value
State your conclusion.
Reject Ho. There is sufficient evidence to conclude the two population of CEO salaries are not identical.
Reject Ho. There is sufficient evidence to conclude the two population of CEO salaries are identical.
Do not reject Ho. There is insufficient evidence to conclude the two population of CEO salaries are not identical.
Do not reject Ho
There is insufficient evidence to conclude the two population of CEO salaries are identical.
Transcribed Image Text:In a survey from a certain year, the range of annual salaries reported was from $73,187 to $336,550. But do CEO salaries differ across the two most populous states in the United States? Consider the salaries from that year for CEOS who work for companies headquartered in California and Texas as provided in the following
table.
CEO Salaries (in $1,000s)
California
$322
$92
$120
$213
$137
$160
$181
$245
$314
$200
$262
$302
Texas
$124
$185
$131
$206
$274
$87
$307
$176
$224
$209
$195
$105
Use a = 0.05 and test to determine whether the distribution of CEO salaries is the same for California and Texas. What is your conclusion?
State the null and alternative hypotheses.
O Ho: Median for California CEO salaries - Median for Texas CEO salaries 20
H₂: Median for California CEO salaries - Median for Texas CEO salaries < 0
O Ho: Median for California CEO salaries - Median for Texas CEO salaries ≤ 0
H₂: Median for California CEO salaries - Median for Texas CEO salaries > 0
O Ho: The two populations of CEO salaries are identical.
H₂: The two populations of CEO salaries are not identical.
O Ho: Median for California CEO salaries - Median for Texas CEO salaries > 0
H₂: Median for California CEO salaries - Median for Texas CEO salaries = 0
O Ho: The two populations of CEO salaries are not identical.
H₂: The two populations of CEO salaries are identical.
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