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Chapter 9 Problem 7.xlsx

# Chapter 9 Problem 7.xlsx - BA 6933 Statistics and...

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BA 6933 Statistics and Quantitative Methods Chapter 9 Problem 7 a The firm's vice president wants to conduct a research study to see whether the compensation With regards to this case, the research hypothesis is that the new plan would provide an avera therefore, m > greater than 8000 A research hypothesis should now be stated as alternative hypothesis. Hence, the approriate null and alternative hypotheses for the study are: m 8000 m > 8000 b c H 0 H a The Type I error of rejecting H0 when it is true corresponds to the researcher's claim that new plan is in no way better the

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