Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 2: Hypothesis Testing Scenario for hypothesis test: Ho: Average HQ time is greater than or equal to the industryr average of 2.5 Ha: Average

image text in transcribed
image text in transcribed
Part 2: Hypothesis Testing Scenario for hypothesis test: Ho: Average HQ time is greater than or equal to the industryr average of 2.5 Ha: Average TiQ time is less than the industry average of 2.5 Ho: Average STtirne is greater than or equal to the previous month's average of 3.5 Ha: Average ST time is less than the previous month's average time of 3-5 Using the t some test. value [also called test stao'Etic] and critical value to determine if null hypothesis ca-nhe rejected or not: ' If the absolute value of the tvalue is greater than the critical value; you reject the null hypothesis. ' If the absolute value of the tvalue is less than the critical value; you fail to reject the null hypothesis- ' If using the P-value as a metric, if the p-value is tess than .05 in this analysis; reject the ' If the p-value is greater than or equal to J35, you fail to reject the null hypothesis

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

Law Express Evidence

Authors: Chris Taylor

5th Edition

1292210192, 978-1292210193

More Books

Students also viewed these Law questions

Question

Why might banks want to hold excess reserves in time of recession?

Answered: 1 week ago

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago