A major business magazine published the results of a survey conducted of CEOs. Responses were received from 216 CEOs for this random sample. The survey used a scale of 1 to 5 where a value of 1 indicated they were extremely dissatisfied and 5 indicated extremely satisfied. The survey results had a mean response of 3.78 with a standard deviation of 1.65. Test the hypothesis at the .01 level that the mean response of all CEOs is equal to 3.9.

A)What is the alternative hypothesis (H1)?

B) What is the critical value of step 2?

C ) What is the test statistic value?

D)What is your decision