At a recent shareholders' meeting, the CEO of one of the nation's largest retailers claimed an employee satisfaction rate of 50%. To test the validity of this claim, the Senior Vice President (SVP) for Research conducted a survey of the company's employees. The SVP for Research defined her null hypothesis, Ho: p 0.50, and formulated her alternative hypothesis, H₁: p < 0.50, to = indicate her belief that the job satisfaction rate would be lower than 50%. In the null and alternative hypotheses, p denotes the proportion of employees who are satisfied with their jobs. A random sample of 4000 employees revealed that 1960, or 49%, agreed with the statement, "I am satisfied with my job." The following computer output corresponds to the analysis of the employee data. Sample size Sample proportion n 4000 0.49 Standard error SE 0.0079 Statistic Z -1.2658 Report the P-value of the z-statistic for this analysis using a statistical software package or a standard normal table. Give your answer precise to four decimal places. You might find this list of software manuals or this standard normal table useful. P =

At a recent shareholders' meeting, the CEO of one of the nation's largest retailers claimed an employee satisfaction rate of 50%. To test the validity of this claim, the Senior Vice President (SVP) for Research conducted a survey of the company's employees. The SVP for Research defined her null hypothesis, Ho: p 0.50, and formulated her alternative hypothesis, H₁: p < 0.50, to = indicate her belief that the job satisfaction rate would be lower than 50%. In the null and alternative hypotheses, p denotes the proportion of employees who are satisfied with their jobs. A random sample of 4000 employees revealed that 1960, or 49%, agreed with the statement, "I am satisfied with my job." The following computer output corresponds to the analysis of the employee data. Sample size Sample proportion n 4000 0.49 Standard error SE 0.0079 Statistic Z -1.2658 Report the P-value of the z-statistic for this analysis using a statistical software package or a standard normal table. Give your answer precise to four decimal places. You might find this list of software manuals or this standard normal table useful. P =

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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