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The sales manager of a franchise would like to test the claim that the average percent of royalty fees paid by franchisees is greater than 4.5 percent. To test this claim, at the 2.5% significance level, the sales manager collects the following data on a sample of 35 franchises and records the royalty fee percent. The following is the data from this study: Sample size = 30 franchises Sample mean = 5.6 percent From past data, it is known that the population standard deviation is 2.1 percent. Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (=,,<, or > to represent the correct hypothesis.)

The sales manager of a franchise would like to test the claim that the average percent of royalty fees paid by franchisees is greater than 4.5 percent. To test this claim, at the 2.5% significance level, the sales manager collects the following data on a sample of 35 franchises and records the royalty fee percent. The following is the data from this study: Sample size = 30 franchises Sample mean = 5.6 percent From past data, it is known that the population standard deviation is 2.1 percent. Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (=,,<, or > to represent the correct hypothesis.)

MATLAB: An Introduction with Applications
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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4:07 knewton.com hypothesis test with Population SD known - P-Value approach Question The sales manager of a franchise would like to test the claim that the average percent of royalty fees paid by franchisees is greater than 4.5 percent. To test this claim, at the 2.5% significance level, the sales manager collects the following data on a sample of 35 franchises and records the royalty fee percent. The following is the data from this study: Sample size = 30 franchises Sample mean = 5.6 percent 5G 28 From past data, it is known that the population standard deviation is 2.1 percent. Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (=,,<, or > to represent correct hypothesis.) the Provide your answer below: null hypothesis. u 14.5 ||||
Transcribed Image Text:4:07 knewton.com hypothesis test with Population SD known - P-Value approach Question The sales manager of a franchise would like to test the claim that the average percent of royalty fees paid by franchisees is greater than 4.5 percent. To test this claim, at the 2.5% significance level, the sales manager collects the following data on a sample of 35 franchises and records the royalty fee percent. The following is the data from this study: Sample size = 30 franchises Sample mean = 5.6 percent 5G 28 From past data, it is known that the population standard deviation is 2.1 percent. Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (=,,<, or > to represent correct hypothesis.) the Provide your answer below: null hypothesis. u 14.5 ||||
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