Periodically, customers of a financial services company are asked to evaluate the company's financial consultants and services. Higher ratings on the clientsatisfaction survey indicate better service, with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarizedhere. 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 moreexperience has the higher population mean service rating.Consultant A Consultant B₁16₂-10X₁ -6.82x₂ = 6.27$₁0.695₂ -0.75(a) State the null and alternative hypotheses.Ho ₁₂50На H3 -127.0.0 Ho Hi-H2=0H₂H₂H₂OHo M₁ M₂ OH₁:1₁-1₂-0Ho² M₁-M₂0H₂H₁₂50Ho: M₁ M₂ 50H₂H₂H₂O(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 sufficient evidence to conclude that the consultant with more experience has a higher population mean rating.O Reject Ho There is insufficient evidence to conclude that the consultant with more experience has a higher population mean ratingDo not reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating.Do not Reiect H.. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating

Given: n1 = 16n2 = 10x1-bar = 6.82x2-bar = 6.27s1 = 0.69s2 = 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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