A shareholders' group is lodging a protest against your company. The shareholders group claimed that the mean tenure for a chief exective office (CEO) was at least 8 years. A survey of 106 companies reported in The Wall Street Journal found a sample mean tenure of 6.1 years for CEOS with a standard deviation of s = 5.1 yeara (The Wall Street Journal, January 2, 2007). You don't know the population standard deviation but can assume it is normally distributed. You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of a = 0.10. Your hypotheses are: Ho:µ > 8 Haiu < 8 What is the test statistic for this sample? test statistic = (Report answer accurate to 3 decimal places.) What is the p-value for this sample? p-value = (Report answer accurate to 4 decimal places.) The p-value is. O less than (or equal to) a Ogreater than a This test statistic leads to a decision to. Greject the nul: Oaccept the null O fail to reject the null

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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O fail to reject the null
As such, the final conclusion is that...
O There is sufficient evidence to warrant rejection of the claim that the population mean is less
than 8.
O There is not sufficient evidence to warrant rejection of the claim that the population mean is
less than 8.
O The sample data support the claim that the population mean is less than 8.
O There is not sufficient sample evidence to support the claim that the population mean is less
than 8.
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Transcribed Image Text:O fail to reject the null As such, the final conclusion is that... O There is sufficient evidence to warrant rejection of the claim that the population mean is less than 8. O There is not sufficient evidence to warrant rejection of the claim that the population mean is less than 8. O The sample data support the claim that the population mean is less than 8. O There is not sufficient sample evidence to support the claim that the population mean is less than 8. Submit Question Type here to search
• Question 16
A shareholders' group is lodging a protest against your company. The shareholders group claimed
that the mean tenure for a chief exective office (CEO) was at least 8 years. A survey of 106
companies reported in The Wall Street Journal found a sample mean tenure of 6.1 years for CEOS
with a standard deviation of s = 5.1 yeaia (The Wall Street Journal, January 2, 2007). You don't
know the population standard deviation but can assume it is normally distributed.
You want to formulate and test a hypothesis that can be used to challenge the validity of the claim
made by the group, at a significance level of = 0.10. Your hypotheses are:
H.:µ > 8
Haiu < 8
What is the test statistic for this sample?
test statistic=
(Report answer accurate to 3 decimal places.)
What is the p-vatue for this sample?
p-value =
(Report answer accurate to 4 decimal places.)
The p-value is.
O less than (or equal to) a
greater than a
This test statistic leads to a decision to..
reject the nul
Oaccept the null
O fail to reject the null
e Type here to search
Transcribed Image Text:• Question 16 A shareholders' group is lodging a protest against your company. The shareholders group claimed that the mean tenure for a chief exective office (CEO) was at least 8 years. A survey of 106 companies reported in The Wall Street Journal found a sample mean tenure of 6.1 years for CEOS with a standard deviation of s = 5.1 yeaia (The Wall Street Journal, January 2, 2007). You don't know the population standard deviation but can assume it is normally distributed. You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of = 0.10. Your hypotheses are: H.:µ > 8 Haiu < 8 What is the test statistic for this sample? test statistic= (Report answer accurate to 3 decimal places.) What is the p-vatue for this sample? p-value = (Report answer accurate to 4 decimal places.) The p-value is. O less than (or equal to) a greater than a This test statistic leads to a decision to.. reject the nul Oaccept the null O fail to reject the null e Type here to search
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