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 andservices. 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 ofexperience, whereas consultant B has 1 year of experience. Use a = 0.05 and test to see whether the consultant with moreexperience has the higher population mean service rating.Consultant A=1601X₁ = 6.81$1= 0.64Consultant Bo Hoi thi thay 50H₂H₁ - H₂ = 0OHot-ty>0H₂H₁-H₂ ≤0o Hoi thi th=0Hai khi thao7₂== 10$2X₂²= 6.28= 0.75(a) State the null and alternative hypotheses.o Hoi thit250Hồ thì thg 30О Н : H1 - H2 + 0H₂H₁ H₂ = 0(b) Compute the value of the test statistic. (Round your answer to three decimal places.)1.852XYou may have rounded in the wrong direction.(c) What is the p-value? (Round your answer to four decimal places.)p-value = 0.9587 xYou may have found the complement of the desired probability.

The two samples, Consultant A and Consultant B are independent samples.For Consultant A:The sample…

Answered: You may need to use the appropriate…

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 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 financlal 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. ConsultantA Consultant B = 16 n2 = 10 x, 6.83 x2 = 6.28 5- 0.68 52 = 0.75 (a) State the null and alternative hypotheses. O Ho: H1- H2 * 0 H: H-H2=0 O Ho: H-H2> o Ho Hy-H250 H -H2>0 O Ho: H-H2=o H: H-H2 0 O Ho: H-H25o H H-H2 0 (b) Compute the value of the test statistic. (Round your answer to three decimal places.) (c) What is the p-value? (Round your answer to four decimal places.) p-value…
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