(b) Assume 90 companies were included in the sample. What is the test statistic? (Round your answer to three decimal places.) x What is the p-value for your hypothesis test? (Round your answer to four decimal places.) p-value=

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A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office (CEO) was at least nine years. A survey of companies reported in The Wall Street Journal found
a sample mean tenure of x = 7.27 years for CEOs with a standard deviation of s= 6.38 years.
(a) Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders' group.
O
O
H₂:4>9
H₂:μ≤9
H: 429
H₂:μ< 9
O
H₂₁:μ = 9
H₂₁:μ = 9
H₂:4≤9
H₂:μ>9
H₂H<9
H₂:429
(b) Assume 90 companies were included in the sample.
What is the test statistic? (Round your answer to three decimal places.)
x
What is the p-value for your hypothesis test? (Round your answer to four decimal places.)
p-value =
Transcribed Image Text:You may need to use the appropriate technology to answer this question. A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office (CEO) was at least nine years. A survey of companies reported in The Wall Street Journal found a sample mean tenure of x = 7.27 years for CEOs with a standard deviation of s= 6.38 years. (a) Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders' group. O O H₂:4>9 H₂:μ≤9 H: 429 H₂:μ< 9 O H₂₁:μ = 9 H₂₁:μ = 9 H₂:4≤9 H₂:μ>9 H₂H<9 H₂:429 (b) Assume 90 companies were included in the sample. What is the test statistic? (Round your answer to three decimal places.) x What is the p-value for your hypothesis test? (Round your answer to four decimal places.) p-value =
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