A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive officer (CEO) was at least nine years.A survey of companies reported in The Wall St Journal found a sample mean tenure of x=7.27 years for CEOS with a standard deviation of s = 6.38 years. (a) Choose the correct hypoth

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Problem 06-32 Algo (Hypothesis Tests)
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A shareholders' group, in lodging a protest, daimed that the mean tenure for a chief executive officer (CEO) was at least nine years. A survey of companies reported in The Wall Stre
Journal found a sample mean tenure of x 7.27 years for CEOS with a standard deviation of s = 6.38 years.
(a) Choose the correct hypotheses that can be used to challenge the validity of the claim made by the shareholders' group.
Họ: u
Select your answer -V
years
Ha: u
Select your answer -v
years
(b) Assume that 85 companies were included in the sample. What is the p value for your hypothesis test? If required, round your answer to four decimal places.
(c) At a = 0.01, what is your conclusion?
We
Select your answer - v the null hypothesis. We -Select your answer - v conclude that the mean tenure for a CEO is shorter than nine vears
lcon Key
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Transcribed Image Text:b/u/evoindex.h GE MINDTAP Q Search tistical Inference Hypothesis Testing Prob 1 Chapter 6 nment: BA 201 Statistical Inference Hypothesis Testing Prob 1 Chapter 6 Assignment Score Save Submit Assignment for G ons Problem 06-32 Algo (Hypothesis Tests) Question eBook A shareholders' group, in lodging a protest, daimed that the mean tenure for a chief executive officer (CEO) was at least nine years. A survey of companies reported in The Wall Stre Journal found a sample mean tenure of x 7.27 years for CEOS with a standard deviation of s = 6.38 years. (a) Choose the correct hypotheses that can be used to challenge the validity of the claim made by the shareholders' group. Họ: u Select your answer -V years Ha: u Select your answer -v years (b) Assume that 85 companies were included in the sample. What is the p value for your hypothesis test? If required, round your answer to four decimal places. (c) At a = 0.01, what is your conclusion? We Select your answer - v the null hypothesis. We -Select your answer - v conclude that the mean tenure for a CEO is shorter than nine vears lcon Key Problem 06-32 Algo (Hypothesis Tests) Question 1 of Save Submit Assignment for Gradiing
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