State the null and alternative hypotheses you would use to test whether the year-end bonuses paid by Jones & Ryan were different from the population mean.
Suppose a sample of 40 Jones & Ryan employees showed a sample mean year-end bonus of $118,000. Assume a population standard deviation of $31,000 and compute the p-value (to 4 decimals).
With = .05 as the level of significance, what is your conclusion?
Answer the next three questions using the critical value approach.
Using = .05, what is the critical value for the test statistic?
Calculate the test statistic (to 2 decimals).
Using = .05, can you conclude that the year-end bonuses paid by Jones & Ryan were different from the population mean
Recently Asked Questions
- i TOTALLY need to write an analytical essay on Kate Chopin's The Yellow Wallpaper by THURSDAY. HELPPP???? 5 paragraphs intro, 3 reasons why it is an example of
- Think of the areas in a toxic tour of Georgia. What could be done to reduce the environmental impact of these actions on the landscape. Why is it important to
- What innovative musical contributions did Miles Davis bring to Jazz music?