Question

Steve is a new sales manager who is trying to improve the retention of his employees by making sure they are paid in line with the industry standard. The average base salary for salespeople in Steve's industry is $48,000 per year. Steve randomly selects 20 salespeople at his company and determines their base salaries. Steve conducts a one-mean hypothesis at the 5% significance level, to test whether the mean salary is less than $48,000. For this test: H0:μ=$48,000; Ha:μ<$48,000, which is a left-tailed test. Use Excel to test whether the mean salary is less than $48,000. Identify the test statistic, t, rounding to two decimal places, and p-value, rounding to three decimal places from the Excel output.

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Provide your answer below: test statistic= p-value=

Answer #1

Formula used are mentioned in the sheet. Also, level of significance, is assumed to be 0.05

A car company has made attracting younger customers a priority.
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1.A fast-food chain claims that the fat content of one of its
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Sandra is the manager of human resources at ABC Inc. As part of
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A politician claims that the mean salary for managers in his
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97,114
79,642
71,801
88,955
76,739
75,497
95,067
95,523
94,043
80,146
96,239
90,034
94,963
76,493
83,155
92,796
71,584
94,954
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Jennifer’s manager Dr. Jonathan Steinberg, who has degrees and
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MATHEMATICS
1. The measure of location which is the most likely to
be
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b.
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Delta airlines case study
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