The shareholders group claimed that the mean tenure for a chief executive office (CEO) was less than 10 years. A survey of 44 companies were sampled and the mean tenure was 6.8 years with a standard deviation of 5.1 years. Assume the data is normally distributed. You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of 0.010.01. What is the test statistic for this sample? test statistic = (Report answer accurate to 3 decimal places.) What is the p-value for this sample? p-value = (Report answer accurate to 4 decimal places.)
The shareholders group claimed that the mean tenure for a chief executive office (CEO) was less than 10 years. A survey of 44 companies were sampled and the mean tenure was 6.8 years with a standard deviation of 5.1 years. Assume the data is normally distributed. You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of 0.010.01. What is the test statistic for this sample? test statistic = (Report answer accurate to 3 decimal places.) What is the p-value for this sample? p-value = (Report answer accurate to 4 decimal places.)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The shareholders group claimed that the mean tenure for a chief executive office (CEO) was less than 10 years. A survey of 44 companies were sampled and the mean tenure was 6.8 years with a standard deviation of 5.1 years. Assume the data is
You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of 0.010.01.
What is the test statistic for this sample?
test statistic = (Report answer accurate to 3 decimal places.)
What is the p-value for this sample?
p-value = (Report answer accurate to 4 decimal places.)
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