Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For parts (b), (c) round your answers to 3 decimal places. (b) What is the critical z-value? (c) What is the test statistic (from the

image text in transcribed

image text in transcribedimage text in transcribed
For parts (b), (c) round your answers to 3 decimal places. (b) What is the critical z-value? (c) What is the test statistic (from the formula)? -4.138 (d) is the null hypothesis rejected? No Yes (e) Is the claim supported? At 8% significance level, there is not sufficient sample evidence to support the claim. There is no significant difference between mean costs of two types of training. At 8% significance level, there is sufficient sample evidence to support the claim. There is a significant difference between mean costs of two types of training.Golubitsky & Guillemin, an Ontario accounting firm, is trying to decide between IT training conducted in-house and the use of third-party consultants. To get some preliminary cost data, each type of training was implemented at two of the firm's offices located in Kingston and Windsor. The table below shows the average annual training cost per employee at each location. Are the mean costs significantly different? Note, that as the sample sizes are large, the decision makers assumed that the sample standard deviations for both samples most likely are approximately equal to the population standard deviations and therefore z-distribution can be used for hypothesis testing, Use 8% level of significance. Sample Population Std. Sample E IT Training Mean Dev. o Size (1) In-House 497 55 127 (2) 528 62 119 Consultants (21 - 32) - (141 -242) Hint: Use the test statistic formula: z = (Note: 1 -#42 =0) (a) State the null and alternative hypotheses, and identify which one is the claim. Which one is the claim: OH Pri Ter For parts (b), (c) round your answers to 3 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics

Authors: Gary Chartrand, Ping Zhang

1st Edition

1478616261, 9781478616269

More Books

Students also viewed these Mathematics questions

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago