A company claims that the mean monthly salary for their managers is 11 thousand dollars. A sample of 100 managers has a mean monthly salary of 10.8 thousand dollars with a standard deviation of 1.2 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made by the company, at a significance level of a = 0.10. Your hypotheses are: H.: µ = 11, 000 Ha:µ < 11, 000 (a) Find the test statistic, rounded to 4 decimal places. Test Statistic = (b) Flnd the p-value, rounded to 4 decimal places. p-value =

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A company claims that the mean monthly salary for their managers is 11 thousand dollars.
A sample of 100 managers has a mean monthly salary of 10.8 thousand dollars with a standard deviation
of 1.2 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made
by the company, at a significance level of a = 0.10.
Your hypotheses are:
H.: µ = 11, 000
Ha:µ < 11, 000
(a) Find the test statistic, rounded to 4 decimal places.
Test Statistic =
(b) Flnd the p-value, rounded to 4 decimal places.
p-value =
Transcribed Image Text:A company claims that the mean monthly salary for their managers is 11 thousand dollars. A sample of 100 managers has a mean monthly salary of 10.8 thousand dollars with a standard deviation of 1.2 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made by the company, at a significance level of a = 0.10. Your hypotheses are: H.: µ = 11, 000 Ha:µ < 11, 000 (a) Find the test statistic, rounded to 4 decimal places. Test Statistic = (b) Flnd the p-value, rounded to 4 decimal places. p-value =
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