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Periodically, customers of a financial services company are asked to evaluate the company's financial consultants and services. Higher ratings on he 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 est 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 Consultant B n₂ = 10 x₂ = 6.28 $₂ = 0.75 (a) State the null and alternative hypotheses. © Hỏi Mity 50 Hill 11 0

Periodically, customers of a financial services company are asked to evaluate the company's financial consultants and services. Higher ratings on he 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 est 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 Consultant B n₂ = 10 x₂ = 6.28 $₂ = 0.75 (a) State the null and alternative hypotheses. © Hỏi Mity 50 Hill 11 0

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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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 6: n₁ = 16 X₁ = 6.84 $1 = 0.64 Consultant B 72 = 10 x₂ = $₂ = 0.75 = 6.28 (a) State the null and alternative hypotheses. 0 Ho: 1-250 Hải Kì - ky = 0 O Ho H1 - M2 = 0 H₂H₁-₂0 Ọ Hỏi thì ky 30 Hải Hy - H250 0 H H1-25 0 Ha: H1 - M2 > 0 O Ho: M₁ M₂ #0 X DELL 74°F Sunny 40) 12:33 PM 4/14/2023
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 6: n₁ = 16 X₁ = 6.84 $1 = 0.64 Consultant B 72 = 10 x₂ = $₂ = 0.75 = 6.28 (a) State the null and alternative hypotheses. 0 Ho: 1-250 Hải Kì - ky = 0 O Ho H1 - M2 = 0 H₂H₁-₂0 Ọ Hỏi thì ky 30 Hải Hy - H250 0 H H1-25 0 Ha: H1 - M2 > 0 O Ho: M₁ M₂ #0 X DELL 74°F Sunny 40) 12:33 PM 4/14/2023
O Ho: ₁-₂ ≤0 Ha: M1 - M2 > 0 O Ho: M₁-1₂ 0 Ha: H1 - M2 = 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 = (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 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 ject Ho. There is sufficient 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.
Transcribed Image Text:O Ho: ₁-₂ ≤0 Ha: M1 - M2 > 0 O Ho: M₁-1₂ 0 Ha: H1 - M2 = 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 = (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 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 ject Ho. There is sufficient 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.
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