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 T = 16 2 = 10 21 = 6.82 E = 6.25 81 = 0.64 2 = 0.75 a. State the null and alternative hypotheses. Họ: 41 - H2- Select your answer - Ha: 41 - 2- Select your answer - 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. - Select your answer - < p<- Select your answer - d. What is your conclusion? - Select your answer -

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CENGAGE MINDTAP
Q Search this course
BUSI 2305 Homework 6 (Chapter 10) - Part A
Questions
Question 3 of 4
1.
2.
A-Z
O 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
3.
4.
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
I1 = 6.82
E2 = 6.25
81 = 0.64
82 = 0.75
a. State the null and alternative hypotheses.
Ho: 41 - H2 - Select your answer -
Ha: H1 - H2 - Select your answer -
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.
- Select your answer - +<p<[ - Select your answer -
d. What is your conclusion?
- Select your answer -
0= Icon Key
étv
Transcribed Image Text:CENGAGE MINDTAP Q Search this course BUSI 2305 Homework 6 (Chapter 10) - Part A Questions Question 3 of 4 1. 2. A-Z O 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 3. 4. 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 I1 = 6.82 E2 = 6.25 81 = 0.64 82 = 0.75 a. State the null and alternative hypotheses. Ho: 41 - H2 - Select your answer - Ha: H1 - H2 - Select your answer - 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. - Select your answer - +<p<[ - Select your answer - d. What is your conclusion? - Select your answer - 0= Icon Key étv
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