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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 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 Consultant B ₁16 ₂-10 X₁6.84 x₂ = 6.25 $10.64 $₂=0.75 (a) State the null and alternative hypotheses. Hoi 1-1/₂0 H₂H₂-1₂ 50 O Hoi 11₁-11₂50 Hải Hym Ngọ Ho: 1₁-1₂-0 Hai Hy Hy độ O Ho: 1₂-1₂ 50 Hai H-1₂0 Ọ Hỏi Hym My Bộ Hai My Myto (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= (d) What is your conclusion? O Reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. O Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating. O Do not reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. Do not Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating.

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 Consultant B ₁16 ₂-10 X₁6.84 x₂ = 6.25 $10.64 $₂=0.75 (a) State the null and alternative hypotheses. Hoi 1-1/₂0 H₂H₂-1₂ 50 O Hoi 11₁-11₂50 Hải Hym Ngọ Ho: 1₁-1₂-0 Hai Hy Hy độ O Ho: 1₂-1₂ 50 Hai H-1₂0 Ọ Hỏi Hym My Bộ Hai My Myto (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= (d) What is your conclusion? O Reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. O Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating. O Do not reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. Do not Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating.

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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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 n₁ 16 X₁ = 6.84 S₁ = 0.64 (a) State the null and alternative hypotheses. Ho: M₁ M₂ > 0 Ha: M₁ M₂ ≤ 0 (d) = Ho: M₁ - M₂ ≤0 Ha: M₁ M₂ > 0 - ○ Ho: M₁ - μ₂ = 0 Ha: M₁ M₂ #0 Ho: 11-1₂ 50 Ha: M₁ M₂ = 0 - Ho: M₁ M₂ O Ha: M₁ M₂ 0 = Consultant B - 72 10 x₂ = = 6.25 = $2= = 0.75 (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 What is your conclusion? Reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating. Do not reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. O Do not Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating.
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 n₁ 16 X₁ = 6.84 S₁ = 0.64 (a) State the null and alternative hypotheses. Ho: M₁ M₂ > 0 Ha: M₁ M₂ ≤ 0 (d) = Ho: M₁ - M₂ ≤0 Ha: M₁ M₂ > 0 - ○ Ho: M₁ - μ₂ = 0 Ha: M₁ M₂ #0 Ho: 11-1₂ 50 Ha: M₁ M₂ = 0 - Ho: M₁ M₂ O Ha: M₁ M₂ 0 = Consultant B - 72 10 x₂ = = 6.25 = $2= = 0.75 (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 What is your conclusion? Reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating. Do not reject Ho. There is insufficient evidence to conclude that the consultant with more experience has a higher population mean rating. O Do not Reject Ho. There is sufficient evidence to conclude that the consultant with more experience has a higher population mean rating.
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