Check My Work (2 remaining) еBook A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office (CEO) was at least eleven years. A survey of companies reported in the Wall Street Journal found a sample mean tenure of 9.93 years for CEOS with a standard deviation of S6.56 years a. Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders' group Но : р5 11 Ha > 11 b. Assume 80 companies were included in the sample. What is the p-value for your hypothesis test? Enter negative value as negative number. t-value (to 3 decimals) p-value Select your answer- c. At a 0.02, what is your conclusion? the null hypothesis. We don't have enough Do not reject evidence to disprove the shareholder group's claim

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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 eleven years. A survey of companies reported in the Wall Street
Journal found a sample mean tenure of 9.93 years for CEOS with a standard deviation of
S6.56 years
a. Formulate hypotheses that can be used to challenge the validity of the claim made by the
shareholders' group
Но : р5
11
Ha
>
11
b. Assume 80 companies were included in the sample. What is the p-value for your
hypothesis test? Enter negative value as negative number.
t-value
(to 3 decimals)
p-value
Select your answer-
c. At a 0.02, what is your conclusion?
the null hypothesis. We don't have
enough
Do not reject
evidence to disprove the shareholder group's claim
Transcribed Image Text:Check My Work (2 remaining) еBook A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office (CEO) was at least eleven years. A survey of companies reported in the Wall Street Journal found a sample mean tenure of 9.93 years for CEOS with a standard deviation of S6.56 years a. Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders' group Но : р5 11 Ha > 11 b. Assume 80 companies were included in the sample. What is the p-value for your hypothesis test? Enter negative value as negative number. t-value (to 3 decimals) p-value Select your answer- c. At a 0.02, what is your conclusion? the null hypothesis. We don't have enough Do not reject evidence to disprove the shareholder group's claim
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