You may need to use the appropriate technology to answer this question.Periodically, customers of a financial services company are asked to evaluate the company's financial consultants and services. Higher ratings onthe client satisfaction survey indicate better service, with 7 the maximum service rating. Independent samples of service ratings for two financialconsultants are summarized here. Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. Use a = 0.05 andtest to see whether the consultant with more experience has the higher population mean service rating.Consultant A6:n₁ = 16X₁ = 6.84$1 = 0.64Consultant B72 = 10x₂ =$₂ = 0.75= 6.28(a) State the null and alternative hypotheses.0 Ho: 1-250Hải Kì - ky = 0O Ho H1 - M2 = 0H₂H₁-₂0Ọ Hỏi thì ky 30Hải Hy - H2500 H H1-25 0Ha: H1 - M2 > 0O Ho: M₁ M₂ #0XDELL74°F Sunny40)12:33 PM4/14/2023 O Ho: ₁-₂ ≤0Ha: M1 - M2 > 0O Ho: M₁-1₂ 0Ha: H1 - M2 = 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 =(d) What is your conclusion?O Reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating.O Do not reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population meanrating.O Do not ject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population meanrating.Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating.

Given n1=16, x1=6.84, s1=0.64n2=10, x2=6.28, s2=0.75

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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The Economist collects data each year on the price of a Big Mac in various countries around the world. The price of a Big Mac for a sample of McDonalds restaurants in Europe in May 2009 resulted in the following Big Mac prices (after conversion to U.S. dollars): 3.80 5.89 4.92 3.88 2.65 5.57 6.39 3.24The mean price of a Big Mac in the U.S. in May 2009 was $3.57. For purposes of this exercise, assume it is reasonable to regard the sample as representative of European McDonalds restaurants. Does the sample provide convincing evidence that the mean May 2009 price of a Big Mac in Europe is greater than the reported U.S. price? Test the relevant hypotheses using a = .05. Assume a normal distribution of the data. x = S= Ho: μ = Ha: Select an answer (Put in the correct symbol and value) α= P-value: = Based on the above we choose t✓ Select an answer Question Help: Post to forur Reject the null hypothesis B
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Only letters C and D

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