The next questions are based on the following: You saw a rep…
The next questions are based on the following: You saw a report on CNBC that the average salary and total compensation (as reported to the SEC) of executives at midsize companies within the US are around $560K and $3400K (i.e., $3.4M) respectively. Using the data of executive salary and total compensation (as reported to the SEC) of S&P Midcap companies as a sample, test both of the above hypotheses at 5% level of significance.
Read DetailsThe effect size of the hypothesis test that average total co…
The effect size of the hypothesis test that average total compensation (as reported to the SEC) of executives at midsize companies is $3400K (i.e., $3.4M) is [effectsize], so there is a [risk] risk that we have made an erroneous decision that the average total compensation (as reported to the SEC is [decision] what CNBC projected.
Read DetailsIf you use this data of executives in S&P Midcap companies a…
If you use this data of executives in S&P Midcap companies and their executive bonuses to make an estimate of executive bonuses of all similar midsize companies in the US, the following statement can be made: Executive bonus in similar midsize companies in the US will be distributed with a standard deviation of $ ___K .
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