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.
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