MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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
26 8 18 6 4 21
37
28
28
17
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. Solve the problem using the critical region method of testing. (Let d = B - A. Round your answers to three decimal places.)
test statistic =
critical value = +
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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 for company A: Percent increase 26 8 18 6 4 21 37 28 28 17 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. Solve the problem using the critical region method of testing. (Let d = B - A. Round your answers to three decimal places.) test statistic = critical value = +
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