(3 7emaining A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive officer (CEO) was at least eight years. A survey of companies reported in The Wall Street Journal found a sample mean tenure of = 7.31 years for CEOS with a standard deviation of s m 6.09 years. a. Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders' group. Ho: H Select your answer- 8 Select your answer- b. Assume 85 companies were included in the sample. What is the p-value for your hypothesis test? Enter negative value as negative number. t-value (to 3 decimals) p-value Select your answer- c. At a = 0.05, what is your conclusion? Select your answer- the null hypothesis. We- Select your answer- enough evidence to disprove the shareholder group's claim.

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A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive officer (CEO) was at least eight years. A survey of companies reported in The
Wall Street Journal found a sample mean tenure of = 7.31 years for CEOS with a standard deviation of s = 6.09 years.
a. Formulate hypotheses that can
be used to challenge the validity of the claim made by the shareholders' group.
Ho : 4
Select your answer-
8.
Ha:
Select your answer-
8.
b. Assume 85 companies were included in the sample. What is the p-value for your hypothesis test? Enter negative value as negative number.
t-value
(to 3 decimals)
p-value
Select your answer
c. At a 0.05, what is your conclusion?
Select your answer-
the null hypothesis. We
Select your answer -
enough evidence to disprove the shareholder group's claim,
Transcribed Image Text:Question 3 of Check My Work (3 remaining A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive officer (CEO) was at least eight years. A survey of companies reported in The Wall Street Journal found a sample mean tenure of = 7.31 years for CEOS with a standard deviation of s = 6.09 years. a. Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders' group. Ho : 4 Select your answer- 8. Ha: Select your answer- 8. b. Assume 85 companies were included in the sample. What is the p-value for your hypothesis test? Enter negative value as negative number. t-value (to 3 decimals) p-value Select your answer c. At a 0.05, what is your conclusion? Select your answer- the null hypothesis. We Select your answer - enough evidence to disprove the shareholder group's claim,
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