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A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive officer (CEO) was at least nine years. A survey
A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive officer (CEO) was at least nine years. A survey of companies reported inThe Wall Street Journalfound a sample mean tenure ofx= 7.47 years for CEOs with a standard deviation ofs= 6.38 years.
Assume that 85 companies were included in the sample. What is thepvalue for your hypothesis test? If required, round your answer to four decimal places.
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