Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). 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 = .05 and test to see whether the consultant with more experience has the higher population mean service rating. Consultant A Consultant B n1 = 16 n2 = 10 X1 = 6.82 I 9 = 6.25 8 1 = 0.6 8 2 = 0.81 a. State the null and alternative hypotheses. Họ: 41 - 42 Select Ha: 41 - 42 Select b. Compute the value of the test statistic (to 2 decimals). c. What is the p-value? Use z-table. The p-value is Select d. What is your conclusion? Select

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Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). 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 = .05 and test to see whether the consultant with more experience has the higher population mean service rating.
Consultant A
Consultant B
n1 = 16
n 2 = 10
x1 = 6.82
X 9 - 6.25
Co
8 1 = 0.6
8 2 = 0.81
a. State the null and alternative hypotheses.
Ho: 41 - 42 Select
Hạ: 41 - 42 Select
b. Compute the value of the test statistic (to 2 decimals).
c. What is the p-value? Use z-table.
The p-value is Select
d. What is your conclusion?
Select
Transcribed Image Text:Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). 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 = .05 and test to see whether the consultant with more experience has the higher population mean service rating. Consultant A Consultant B n1 = 16 n 2 = 10 x1 = 6.82 X 9 - 6.25 Co 8 1 = 0.6 8 2 = 0.81 a. State the null and alternative hypotheses. Ho: 41 - 42 Select Hạ: 41 - 42 Select b. Compute the value of the test statistic (to 2 decimals). c. What is the p-value? Use z-table. The p-value is Select d. What is your conclusion? Select
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