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 П1 По- = 16 = 10 = 6.82 6.25 х1 S1 = 0.7 = 0,8 a. State the null and alternative hypotheses Но: И1 - 12| Select Ha: 1 2Select 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

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
icon
Related questions
Question
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
П1
По-
= 16
= 10
= 6.82
6.25
х1
S1
= 0.7
= 0,8
a. State the null and alternative hypotheses
Но: И1 - 12| Select
Ha: 1 2Select
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 П1 По- = 16 = 10 = 6.82 6.25 х1 S1 = 0.7 = 0,8 a. State the null and alternative hypotheses Но: И1 - 12| Select Ha: 1 2Select 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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 4 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax