A shareholders' group is lodging a protest against your company. The shareholders group claimed that themean tenure for a chief exective office (CEO) was less than 10 years. A survey of 89 companies reported inThe Wall Street Journal found a sample mean tenure of 8.6 years for CEOS with a standard deviation of 4.8years (The Wall Street Journal, January 2, 2007).You want to formulate and test a hypothesis that can be used to challenge the validity of the claim madeby the group, at a significance level of 0.005. Your hypotheses are:Ho: µ > 10H1:µ < 10What is the test statistic for this sample?What is the p-velue for this sample?This test statistic leads to a decision toreject the nullaccept the nullfail to reject the nullAs such, the final conclusion is thatthere is sufficient evidence to conclude that the population mean tenure for CEOS is equal to 10.there is not sufficient evidence to conclude that the population mean tenure for CEOS is equal to 10.there is sufficient evidence to conclude that the population mean tenure for CEOS is less than 10.there is not sufficient evidence to conclude that the population mean tenure for CEOS is less than10

In order to determine whether the mean tenure for CEOs was less than 10 years or not, conduct a…

Answered: A shareholders' group is lodging a…

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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Fran is training for her first marathon, and she wants to know if there is a significant difference between the mean number of miles run each week by group runners and individual runners who are training for marathons. She interviews 42 randomly selected people who train in groups and finds that they run a mean of 47.1 miles per week. Assume that the population standard deviation for group runners is known to be 4.4 miles per week. She also interviews a random sample of 47 people who train on their own and finds that they run a mean of 48.5 miles per week. Assume that the population standard deviation for people who run by themselves is 1.8 miles per week. Test the claim at the 0.01 level of significance. Let group runners training for marathons be Population 1 and let individual runners training for marathons be Population 2. Step 2 of 3 : Compute the value of the test statistic. Round your answer to two decimal places.
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Two teaching methods and their effects on science test scores are being reviewed. A random sample of 2020 students, taught in traditional lab sessions, had a mean test score of 72.772.7 with a standard deviation of 3.13.1. A random sample of 1212 students, taught using interactive simulation software, had a mean test score of 76.976.9 with a standard deviation of 5.55.5. Do these results support the claim that the mean science test score is lower for students taught in traditional lab sessions than it is for students taught using interactive simulation software? Let μ1�1 be the mean test score for the students taught in traditional lab sessions and μ2�2 be the mean test score for students taught using interactive simulation software. Use a significance level of α=0.05�=0.05 for the test. Assume that the population variances are equal and that the two populations are normally distributed. Step 2 of 4 : Compute the value of the t test statistic. Round your answer to three decimal…
The Survey of Study Habits and Attitudes (SSHA) is a psychological test that measures students' study habits and attitudes toward school. The survey yields several scores, one of which measures student attitudes toward studying. The mean student attitude score for college students is about 30, and standard deviation is about 12. A researcher in the Philippines is concerned about the declining performance of college graduates on professional licensure and board exams. She suspects that poor attitudes of students are partly responsible for the decline and that the mean for college seniors who plan to take professional licensure or board exams is less than 30. She gives the SSHA to an SRS of 144 college seniors in the Philippines who plan to take professional licensure or board exams. Suppose we know that the student attitude scores in the population of such students are Normally distributed with standard deviation σ = 12. (a) We seek evidence against the claim that μ = 30. What is the…
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A newly hired basketball coach promised a high- paced attack that will put more points on the board than the team's previously tepid offense historically managed. After a few months, the team owner looks at the data to test the coach's claim. He takes a sample of 36 of the team's games under the new coach and finds that they scored an average of 101 points with a standard deviation of 6 points. Over the past 10 years, the team had averaged 99 points. What is(are) the appropriate critical value(s) to test the new coach's claim at the 1% significance level? -2.438 -2.438 and 2.438 2.326 2.438
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a Leche League International reports that the mean age of weaning a child from breastfeeding is age four to five worldwide. In America, most nursing mothers wean their children much earlier. Suppose a random survey is conducted of 21 U.S. mothers who recently weaned their children. The mean weaning age was 9 months (3/4 year) with a standard deviation of 2 months. Conduct a hypothesis test to determine if the mean weaning age in the U.S. is less than four years old. Conduct a hypothesis test at the 5% level. a. What is the p-value? (Round your answer to four decimal places.) b. What is the test statistic
A local business offers test-taking courses for students who are planning to take the Graduate Record Examination (GRE) as part of their graduate school applications. The business promises to produce student test scores that are above the national average. You collect a random sample of 75 local students who have taken the course and calculate that their average GRE score is 1630 with a standard deviation of 320. The average GRE score for all students in the nation is 1590. Conduct a significance test at a=.05 to answer the research question: Does the course significantly improve local student GRE scores? STEP ONE: What are the test requirements/assumptions for this significance test? Check all that apply. Group of answer choices a) Random Sample b) Normal Sampling Distribution c) Interval-ratio variable of GRE scores d) No answer text provided.
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A bottled water distributor wants to determine whether the mean amount of water contained in 1-gallon bottles purchased from a nationally known water bottling company is actually 1 gallon. You know from the water bottling company specifications that the standard deviation of the amount of water is 0.02 gallon. You select a random sample of 50 bottles, and the mean amount of water per 1-gallon bottle is 0.992 gallon. What is the test statistic?

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