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
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
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 =
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman