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im stuck here. Suppose Wall Street securities firms paid out year-end bonuses of $125,500 per employee last year. We take a sample of employees at

im stuck here.

Suppose Wall Street securities firms paid out year-end bonuses of $125,500 per employee last year. We take a sample of employees at the ASBE securities firm to see whether the mean year-end bonus is less thanthe reported mean of $125,500 for the population. You wish to test the following claim (Ha) at a significance level of =0.002. Ho:=125500 Ha:<125500

You believe the population is normally distributed and you know the standard deviation is =2400. You obtain a sample mean of x=124815.3 for a sample of size n=65.

What is the test statistic for this sample? test statistic = (Report answer accurate to 3 decimal places.) What is the p-value for this sample? p-value = (Report answer accurate to 4 decimal places.) The p-value is...

  • less than (or equal to)
  • greater than

This test statistic leads to a decision to...

  • reject the null
  • accept the null
  • fail to reject the null

the final conclusion is that...

  • There is sufficient evidence to warrant rejection of the claim that the population mean is less than 125500.
  • There is not sufficient evidence to warrant rejection of the claim that the population mean is less than 125500.
  • The sample data support the claim that the population mean is less than 125500.
  • There is not sufficient sample evidence to support the claim that the population mean is less than 125500.

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