Periodically, Merill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services. Higher ratings on the client satisfaction survey indicate better 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. Round degrees of freedom to previous whole number. Excel File: data10-17.xlsx Consultant A Consultant B T = 16 Tg = 10 1 = 6.82 E = 6.25 81 = 0.64 82 = 0.75 a. State the null and alternative hypotheses. Họ: 41 - 2 is less than or equal to 0 Ha: 41 - 2 is greater than o b. Compute the value of the test statistic. (to 2 decimals) c. What is the p-value? Use Table 2 from Appendix B to find the values that bound the test statistic. 0.025

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help with part b please

Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services. Higher ratings on the client satisfaction survey indicate better 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. Round degrees of freedom to previous whole number.
Excel File: data10-17.xlsx
Consultant A
Consultant B
n1 = 16
n2 = 10
E1 = 6.82
E2 = 6.25
S = 0.64
82 = 0.75
a. State the null and alternative hypotheses.
Ho: µ1 - H2 is less than or equal to 0
Ha: H1 - H2
is greater than 0
b. Compute the value of the test statistic. (to 2 decimals)
c. What is the p-value? Use Table 2 from Appendix B to find the values that bound the test statistic.
0.025
<p< 0.05
d. What is your conclusion?
Reject the null hypothesis
Transcribed Image Text:Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services. Higher ratings on the client satisfaction survey indicate better 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. Round degrees of freedom to previous whole number. Excel File: data10-17.xlsx Consultant A Consultant B n1 = 16 n2 = 10 E1 = 6.82 E2 = 6.25 S = 0.64 82 = 0.75 a. State the null and alternative hypotheses. Ho: µ1 - H2 is less than or equal to 0 Ha: H1 - H2 is greater than 0 b. Compute the value of the test statistic. (to 2 decimals) c. What is the p-value? Use Table 2 from Appendix B to find the values that bound the test statistic. 0.025 <p< 0.05 d. What is your conclusion? Reject the null hypothesis
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