Question
11.1) ABC Auditors is investigating client response time when members of its staff follow up with clients requesting additional information. Currently, auditors claim that it
11.1)
ABC Auditors is investigating client response time when members of its staff follow up with clients requesting additional information. Currently, auditors claim that it takes more than five days for a client to respond with the requested information. To examine this claim, a partner at ABC Auditors asks a random sample of 10 employees to report the number of days it takes clients to respond to their inquiries. The following are the results of this random sample:
2 7 4 8 9 5 11 3 7 4
Can ABC Auditors conclude at the 5% significance level that it takes more than five days for a client to respond to inquiries assuming that the number of days is normally distributed with a standard deviation of 1.5?
Explain. All work must be shown.
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