Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 (16 marks! To investigate factors motivating small firms to export their products, a researcher conducted a survey of 46 exporting firms. Firm CEOs

image text in transcribed
Question 2 (16 marks! To investigate factors motivating small firms to export their products, a researcher conducted a survey of 46 exporting firms. Firm CEOs were asked to respond to the statement "Management believes that the firm can achieve economies of scale by exporting.\" on a scale of 1 (strongly disagree] to 5 (strongly agree). The survey results showed that X = 3.87 and S : 0.96. The researcher hypothesized that if the true mean scale score exceeds 3.5, then CEOs at all Hong Kong small firms generally agree with the statement. (a) Conduct the appropriate test by critical value approach and using a : 0.05. State your conclusion in the words of the problem. (10 marks) (b) How large is the pavalue? {2 marks) {c} Using the collected data, the researcher constructed a 95% confidence interval for the population mean scale score. Base on the confidence interval, he decided to reject the null hypothesis in part (a). Do you agree with his decision? Explain you answer without any computation. {4 marks)

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

Beginning Algebra A Text/Workbook

Authors: Charles P McKeague

2nd Edition

1483271242, 9781483271248

More Books

Students also viewed these Mathematics questions