Periodically, customers of a financial services company are asked to evaluate the company's financial consultants and services. Higher ratings on the client satisfaction survey indicatebetter service, with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarized here. Consultant A has 10 years of experience,whereas consultant B has 1 year of experience. Use a = 0.05 and test to see whether the consultant with more experience has the higher population mean service rating.Consultant A1 = 16x₁ = 6.84$₁ = 0.69Consultant Bn₂ = 10x₂ = 6.29$2 = 0.75(a) State the null and alternative hypotheses.О но H1-250на: Н1-H2>0о но H1 - H2 = 0нa: H1 - H2 + 00 Ho: 1-250на H1 - м2 = 0он : 1 - 2 = 0Н : М1 - H2 = 00 Ho: H1 - H2 > 0Ha ₁-₂ ≤0(b) Compute the value of the test statistic. (Round your answer to three decimal places.)(c) What is the p-value? (Round your answer to four decimal places.)p-value =4

Consultant AConsultant B16106.846.29s0.690.75

Answered: Periodically, customers of a financial…

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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