A recent survey reported that small businesses spend 26 hours a week marketing their business. A local chamber of commerce claims that small businesses in their area are not growing because these businesses are spending less than 26 hours a week on marketing. The chamber conducts a survey of 89 small businesses within their state and finds that the average amount of time spent on marketing is 24.6 hours a week. Assuming that the population standard deviation is 6.5 hours, is there sufficient evidence to support the chamber of commerce’s claim at the 0.01 level of significance? Step 2 of 3 : Compute the value of the test statistic. Round your answer to two decimal places.
A recent survey reported that small businesses spend 26 hours a week marketing their business. A local chamber of commerce claims that small businesses in their area are not growing because these businesses are spending less than 26 hours a week on marketing. The chamber conducts a survey of 89 small businesses within their state and finds that the average amount of time spent on marketing is 24.6 hours a week. Assuming that the population standard deviation is 6.5 hours, is there sufficient evidence to support the chamber of commerce’s claim at the 0.01 level of significance? Step 2 of 3 : Compute the value of the test statistic. Round your answer to two decimal places.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A recent survey reported that small businesses spend 26 hours a week marketing their business. A local chamber of commerce claims that small businesses in their area are not growing because these businesses are spending less than 26 hours a week on marketing. The chamber conducts a survey of 89 small businesses within their state and finds that the average amount of time spent on marketing is 24.6 hours a week. Assuming that the population standard deviation is 6.5 hours, is there sufficient evidence to support the chamber of commerce’s claim at the 0.01 level of significance?
Step 2 of 3 :
Compute the value of the test statistic. Round your answer to two decimal places.
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