Homework Help is Here – Start Your Trial Now!
Math
Statistics
You may need to use the appropriate technology to answer this quest Periodically, customers of a financial services company are asked to evaluate the company's 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 8 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. Consultant A Consultant B n₂10 ₁16 X₁6.82 x₂ = 6.29 $₂0.75 ₁0.68 (a) State the null and alternative hypotheses. ⒸHO: H₂-H₂>0 H₂H₂-H₂SO HoH₁-₂0 H₂H₂H₂=0 Hoi H₁ H₂ SO H₂H₂-H₂>0 OHH₁-₂0 H₂H₁-H₂0 ọ Hoi Mi Mỹ Đ H₂H₂H₂O ✓ (b) Compute the value of the test statistic. (Round your answer to three decimal places.) x (c) What is the p-value? (Round your answer to four decimal places.) p-value= D

You may need to use the appropriate technology to answer this quest Periodically, customers of a financial services company are asked to evaluate the company's 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 8 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. Consultant A Consultant B n₂10 ₁16 X₁6.82 x₂ = 6.29 $₂0.75 ₁0.68 (a) State the null and alternative hypotheses. ⒸHO: H₂-H₂>0 H₂H₂-H₂SO HoH₁-₂0 H₂H₂H₂=0 Hoi H₁ H₂ SO H₂H₂-H₂>0 OHH₁-₂0 H₂H₁-H₂0 ọ Hoi Mi Mỹ Đ H₂H₂H₂O ✓ (b) Compute the value of the test statistic. (Round your answer to three decimal places.) x (c) What is the p-value? (Round your answer to four decimal places.) p-value= D

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
See similar textbooks
icon
Related questions
Question

I need help finding the test statistic  (part b) and finding the p-value (part c) 

You may need to use the appropriate technology to answer this question. Periodically, customers of a financial services company are asked to evaluate the company's 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. Consultant A = 16 71 = = 6.82 = 0.68 $₁ = 0 Ho: М1 - 2 # 0 Ha: H1 - M2 = 0 Ho: H₁ H₂ SO Ha: M1 -H2>0 - o Hỏi tì khg 50 Ha: H1 - 2 = 0 (a) State the null and alternative hypotheses. 0 Ho: 1- H2> о H₂H₁-H₂SO Consultant B 0 H0 H1 - М2 = 0 Hai H₁ - H₂ #0 = 10 7₂ X₂ = 6.29 $2 = 0.75 (b) Compute the value of the test statistic. (Round your answer to three decimal places.) X (c) What is the p-value? (Round your answer to four decimal places.) p-value (d) What is your conclusion? O Do not Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating. 2
Transcribed Image Text:You may need to use the appropriate technology to answer this question. Periodically, customers of a financial services company are asked to evaluate the company's 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. Consultant A = 16 71 = = 6.82 = 0.68 $₁ = 0 Ho: М1 - 2 # 0 Ha: H1 - M2 = 0 Ho: H₁ H₂ SO Ha: M1 -H2>0 - o Hỏi tì khg 50 Ha: H1 - 2 = 0 (a) State the null and alternative hypotheses. 0 Ho: 1- H2> о H₂H₁-H₂SO Consultant B 0 H0 H1 - М2 = 0 Hai H₁ - H₂ #0 = 10 7₂ X₂ = 6.29 $2 = 0.75 (b) Compute the value of the test statistic. (Round your answer to three decimal places.) X (c) What is the p-value? (Round your answer to four decimal places.) p-value (d) What is your conclusion? O Do not Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating. 2
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS