In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOS) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: B: Percent increase for company A: Percent increase for CEO 24 25 27 18 6 4 21 37 21 27 22 14 -4 19 15 30 Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d-B- A.) (a) What is the level of significance? State the null and alternate hypotheses. O Hạ: Hg = 0; Hạ: My> 0 O Hoi Mg = 0; Hạ: Mg < 0 O H;: M, 0; H,: M -0 O Hoi Mg> 0; H,i My "- 0 (b) What sampling distribution will you use? What assumptions are you making? O The Student's t. We assume that d has an approximately normal distribution. O The standard normal. We assume that d has an approximately normal distribution. O The standard normal. We assume that d has an approximately uniform distribution. O The Student's t. We assume that d has an approximately uniform distribution. What is the value of the sample test statistic? (Round your answer to three decimal places.) (c) Find (or estimate) the P-value. O P-value > 0.500 O 0.250 < P-value < 0.500 O 0.100 < P.value < 0.250 O 0.050 < Pvalue < 0.100 O 0.010 < P.value < 0.050

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question

Can you fill out the blanks 

In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore
produce a slightly more "conservative" answer.
Are America's top chief executive officers (CEOS) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random
sample of companies yielded the following data:
B: Percent increase
24
25
27 18
6
4
21
37
for company
A: Percent increase
21
27
22
14
-4
19
15
30
for CEO
Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d = B - A.)
(a) What is the level of significance?
State the null and alternate hypotheses.
O Ho: Hg - 0; H,: Hg*0
O Ho: Hg = 0; H,: Hg > 0
O Ho: Hg - 0; H, Hg < 0
O H,: H * 0; H,: Hg = 0
O H.: Hg > 0; H,: ". = 0
(b) What sampling distribution will you use? What assumptions are you making?
O The Student's t. We assume that d has an approximately normal distribution.
O The standard normal. We assume that d has an approximately normal distribution.
O The standard normal. We assume that d has an approximately uniform distribution.
O The Student's t. We assume that d has an approximately uniform distribution.
What is the value of the sample test statistic? (Round your answer to three decimal places.)
(c) Find (or estimate) the P-value.
O P-value > 0.500
O 0.250 < P-value < 0.500
O 0.100 < P-value < 0.250
O 0.050 < P-value < 0.100
O 0.010 < P-value < 0.050
Transcribed Image Text:In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOS) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: B: Percent increase 24 25 27 18 6 4 21 37 for company A: Percent increase 21 27 22 14 -4 19 15 30 for CEO Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d = B - A.) (a) What is the level of significance? State the null and alternate hypotheses. O Ho: Hg - 0; H,: Hg*0 O Ho: Hg = 0; H,: Hg > 0 O Ho: Hg - 0; H, Hg < 0 O H,: H * 0; H,: Hg = 0 O H.: Hg > 0; H,: ". = 0 (b) What sampling distribution will you use? What assumptions are you making? O The Student's t. We assume that d has an approximately normal distribution. O The standard normal. We assume that d has an approximately normal distribution. O The standard normal. We assume that d has an approximately uniform distribution. O The Student's t. We assume that d has an approximately uniform distribution. What is the value of the sample test statistic? (Round your answer to three decimal places.) (c) Find (or estimate) the P-value. O P-value > 0.500 O 0.250 < P-value < 0.500 O 0.100 < P-value < 0.250 O 0.050 < P-value < 0.100 O 0.010 < P-value < 0.050
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Laplace Transformation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman