You are conducting a study to see if the typical doctor's salary (in thousands of dollars) is significantly different from 98. Your sample data (n=8) produce the test statistic t=-1.23. Find the p-value accurate to 4 decimal places.
You are conducting a study to see if the typical doctor's salary (in thousands of dollars) is significantly different from 98. Your sample data (n=8) produce the test statistic t=-1.23. Find the p-value accurate to 4 decimal places.
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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You are conducting a study to see if the typical doctor's salary (in thousands of dollars) is significantly different from 98. Your sample data (n=8) produce the test statistic t=-1.23. Find the p-value accurate to 4 decimal places.

Transcribed Image Text:Test the claim that the mean GPA of night students is significantly different than 3 at the 0.02 significance
level.
The null and alternative hypothesis would be:
Ο Η : μ = 3
H : μ < 3
O Ho: p = 0.75
H₁: p < 0.75
Ο Ηo : μ = 3
H₁:μ ‡3
Ho: p= 0.75
H₁ :p>0.75
O Ho: p = 0.75
H₁: p/ 0.75
Ο Η : μ = 3
Η : μ > 3
Based on a sample of 40 people, the sample mean GPA was 2.99 with a standard deviation of 0.03
The test statistic is
The positive critical value is
Based on this we
O fail to reject the null hypothesis
Orain
hocic
(to 3 decimals)
(to 3 decimals)

Transcribed Image Text:A shareholders' group is lodging a protest against your company. The shareholders group claimed that the
mean tenure for a chief exective office (CEO) was less than 10 years. A survey of 55 companies reported in
The Wall Street Journal found a sample mean tenure of 8.7 years for CEOs with a standard deviation of 4.2
years (The Wall Street Journal, January 2, 2007).
You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made
by the group, at a significance level of 0.002. Your hypotheses are:
Ho : μ > 10
H₁ : µ< 10
What is the test statistic for this sample?
(Report answer accurate to 3 decimal places.)
What is the p-value for this sample?
(Report answer accurate to 4 decimal places.)
This test statistic leads to a decision to
O reject the null
accept the null
O fail to reject the null
As such, the final conclusion is that
O there is sufficient evidence to conclude that the population mean tenure for CEOs is equal to 10.
O there is not sufficient evidence to conclude that the population mean tenure for CEOs is equal to 10.
O there is sufficient evidence to conclude that the population mean tenure for CEOs is less than 10.
O there is not sufficient evidence to conclude that the population mean tenure for CEOs is less than
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