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Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can...
Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can be completed in a mean time of 15 minutes or less. If a longer mean survey time is necessary, a premium rate is charged. Suppose a sample of 35 surveys produces the data in the Microsoft Excel Online file below. Use a known σ = 3.8 minutes. Is the premium rate justified? Open spreadsheet Formulate the null and alternative hypotheses for this application. H0: μ Ha: μ Compute the value of the test statistic (to 2 decimals). What is the p-value (to 4 decimals)? Using ? = .01, is a premium rate justified for this client? 20.3 13.7 16.2 18.1 13.8 17.3 14.6 17.4 18.5 10.2 15.1 16.6 17 14.5 19.4 11.3 16.3 20.5 21.7 16.1 12.2 18.5 25.9 14.5 21.6 15.6 15.9 14.7 17.6 18 16.7 11.6 16.8 13 13.2
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Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can...
Fowle Marketing Research, Inc., bases charges to a client on the
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Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can...
Fowle Marketing
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