A company is evaluating the knowledge retention of their fiscal policy training program by administering a quiz to a randomly selected sample of 16 employees both one week after completing training and 6 months after completing the training. Employee scores are shown in the Excel file. Has there been a significant reduction in knowledge of the fiscal policy six months after completing training? State the five hypothesis testing steps to answer this question. Employee 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 One week after 69 80 73 100 100 50 77 64 94 100 100 100 100 47 67 63 Six months after 70 79 77 97 95 50 60 64 84 90 80 99 94 57 58 68

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A company is evaluating the knowledge retention of their fiscal policy training program by administering a quiz to a randomly selected sample of 16 employees
both one week after completing training and 6 months after completing the training. Employee scores are shown in the Excel file. Has there been a significant
reduction in knowledge of the fiscal policy six months after completing training? State the five hypothesis testing steps to answer this question.
Employee
1
2
3
45
6
7
8
9
10
0 12 3 4 5 6
11
13
14
15
16
One week
after
69
80
73
100
100
50
77
64
94
100
100
100
100
47
67
63
Six months
after
70
79
77
97
95
50
60
64
84
90
80
99
94
57
58
68
Transcribed Image Text:A company is evaluating the knowledge retention of their fiscal policy training program by administering a quiz to a randomly selected sample of 16 employees both one week after completing training and 6 months after completing the training. Employee scores are shown in the Excel file. Has there been a significant reduction in knowledge of the fiscal policy six months after completing training? State the five hypothesis testing steps to answer this question. Employee 1 2 3 45 6 7 8 9 10 0 12 3 4 5 6 11 13 14 15 16 One week after 69 80 73 100 100 50 77 64 94 100 100 100 100 47 67 63 Six months after 70 79 77 97 95 50 60 64 84 90 80 99 94 57 58 68
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