A company claims that the mean monthly salary for their managers is 11 thousand dollars. A sample of 49 managers has a mean monthly salary of 10.6 thousand dollars with a standard deviation of 1.3 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made by the company, at a significance level of α=0.10 Your hypotheses are: Ho:μ=11,000 Ha:μ<11,000 (a) Find the test statistic, rounded to 4 decimal places. Test Statistic = (b) FInd the p-value, rounded to 4 decimal places. p-value =
A company claims that the mean monthly salary for their managers is 11 thousand dollars. A sample of 49 managers has a mean monthly salary of 10.6 thousand dollars with a standard deviation of 1.3 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made by the company, at a significance level of α=0.10 Your hypotheses are: Ho:μ=11,000 Ha:μ<11,000 (a) Find the test statistic, rounded to 4 decimal places. Test Statistic = (b) FInd 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
Related questions
Topic Video
Question
A company claims that the mean monthly salary for their managers is 11 thousand dollars.
A sample of 49 managers has a mean monthly salary of 10.6 thousand dollars with a standard deviation of 1.3 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made by the company, at a significance level of α=0.10
Your hypotheses are:
Ho:μ=11,000
Ha:μ<11,000
(a) Find the test statistic, rounded to 4 decimal places.
Test Statistic =
(b) FInd the p-value, rounded to 4 decimal places.
p-value =
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman