MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A company claims that the mean monthly salary for their managers is 11 thousand dollars.
A sample of 49 managers has a mean monthly salary of 10.6 thousand dollars with a standard deviation of 1.3 thousand dollars. You want to perform a hypothesis test challenge the validity of the claim made by the company, at a significance level of α=0.10
Your hypotheses are:
Ho:μ=11,000
Ha:μ<11,000
(a) Find the test statistic, rounded to 4 decimal places.
Test Statistic =
(b) FInd the p-value, rounded to 4 decimal places.
p-value =
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