Assistance Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and serviceson a 7-point scale (7 is the maximum). You are a manager with two consultants you are trying to compare.Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. You want to test ifthe consultant with less experience has a rating that is different than the more experienced consultant. So,you collect independent samples of service ratings for these two financial consultants. Consultant A has 23surveys with a mean of 6.77 and standard deviation of 0.68. Consultant B has 16 surveys with a mean of6.34 and standard deviation of 0.67. You wish to test the claim at a significance level of a = 0.05.a. What is the test statistic for this sample?test statisticRound to 4 decimal places.b. What is the p-value for this sample?p-valueRound to 4 decimal places.c. The p-value is...less than (or equal to) agreater than ad. This test statistic leads to a decision to...reject the nullaccept the nullfail to reject the nulle. As such, the final conclusion is that...

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Description: Assistance Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and serviceson a 7-point scale (7 is the maximum). You are a manager with two consultants you are trying to compare.Consultant A has 10 years o

a). Given: The null and alternative hypothesis is as follows: The formula and calculations for the…

Math

Statistics

test statistic = Round to 4 decimal places. . What is the p-value for this sample? p-value = Round to 4 decimal places. - The p-value is... less than (or equal to) a greater than a - This test statistic leads to a decision to... reject the null O accept the null

test statistic = Round to 4 decimal places. . What is the p-value for this sample? p-value = Round to 4 decimal places. - The p-value is... less than (or equal to) a greater than a - This test statistic leads to a decision to... reject the null O accept the null

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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

Assistance

Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services
on a 7-point scale (7 is the maximum). You are a manager with two consultants you are trying to compare.
Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. You want to test if
the consultant with less experience has a rating that is different than the more experienced consultant. So,
you collect independent samples of service ratings for these two financial consultants. Consultant A has 23
surveys with a mean of 6.77 and standard deviation of 0.68. Consultant B has 16 surveys with a mean of
6.34 and standard deviation of 0.67. You wish to test the claim at a significance level of a = 0.05.
a. What is the test statistic for this sample?
test statistic
Round to 4 decimal places.
b. What is the p-value for this sample?
p-value
Round to 4 decimal places.
c. The p-value is...
less than (or equal to) a
greater than a
d. This test statistic leads to a decision to...
reject the null
accept the null
fail to reject the null
e. As such, the final conclusion is that...

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