A company claims that the mean monthly salary for their managers is 12 thousand dollars. A sample of 100 managers has a sample mean monthly salary of 11.6 thousand dollars with a sample 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 = 0.05. Your hypotheses are: Но: и 3 12, 000 %3D Ha:u < 12, 000

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A company claims that the mean monthly salary for their managers is 12 thousand dollars,
A sample of 100 managers has a sample mean monthly salary of 11.6 thousand dollars with a sample
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 = 0.05.
Your hypotheses are:
H.: µ = 12, 000
Ha:u < 12, 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 =
Submit Question
Transcribed Image Text:Question 2 <> A company claims that the mean monthly salary for their managers is 12 thousand dollars, A sample of 100 managers has a sample mean monthly salary of 11.6 thousand dollars with a sample 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 = 0.05. Your hypotheses are: H.: µ = 12, 000 Ha:u < 12, 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 = Submit Question
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