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 T1 = 6.82 T2 = 6.25 81 = 0.64 82 = 0.75 a. State the null and alternative hypotheses. Ho: µ1 - p2 - Select your answer - Ha: pi – 42 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 -
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 T1 = 6.82 T2 = 6.25 81 = 0.64 82 = 0.75 a. State the null and alternative hypotheses. Ho: µ1 - p2 - Select your answer - Ha: pi – 42 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 -
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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![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 being 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 α = 0.05 and test to see whether the consultant with more experience has the higher population mean service rating. Round degrees of freedom to the previous whole number.
### Data:
**Excel File:** [data10-17.xlsx](#)
| | Consultant A | Consultant B |
|----------------|--------------|--------------|
| \( n_1 = 16 \) | \( n_2 = 10 \) |
| \( \bar{x}_1 = 6.82 \) | \( \bar{x}_2 = 6.25 \) |
| \( s_1 = 0.64 \) | \( s_2 = 0.75 \) |
### Tasks:
**a. State the null and alternative hypotheses.**
- \( H_0: \mu_1 - \mu_2 = \) [Select your answer]
- \( H_a: \mu_1 - \mu_2 \neq \) [Select your answer]
**b. Compute the value of the test statistic. (to 2 decimals)**
- [Input field for answer]
**c. What is the p-value?** Use Table 2 from Appendix B to find the values that bound the test statistic.
- [Dropdown options: 0.05 < p, 0.10 < p, 0.15 < p, 0.20 < p]
**d. What is your conclusion?**
- [Dropdown options for answer]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6387f1fe-f7de-460c-a439-51c8967659dd%2Ff2d2ec92-5000-458f-93c0-65e962fdcece%2Fid6g3o_processed.jpeg&w=3840&q=75)
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 being 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 α = 0.05 and test to see whether the consultant with more experience has the higher population mean service rating. Round degrees of freedom to the previous whole number.
### Data:
**Excel File:** [data10-17.xlsx](#)
| | Consultant A | Consultant B |
|----------------|--------------|--------------|
| \( n_1 = 16 \) | \( n_2 = 10 \) |
| \( \bar{x}_1 = 6.82 \) | \( \bar{x}_2 = 6.25 \) |
| \( s_1 = 0.64 \) | \( s_2 = 0.75 \) |
### Tasks:
**a. State the null and alternative hypotheses.**
- \( H_0: \mu_1 - \mu_2 = \) [Select your answer]
- \( H_a: \mu_1 - \mu_2 \neq \) [Select your answer]
**b. Compute the value of the test statistic. (to 2 decimals)**
- [Input field for answer]
**c. What is the p-value?** Use Table 2 from Appendix B to find the values that bound the test statistic.
- [Dropdown options: 0.05 < p, 0.10 < p, 0.15 < p, 0.20 < p]
**d. What is your conclusion?**
- [Dropdown options for answer]
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