Question
Suppose that the Smith CPA firm claims that its clients receive larger tax refunds, on average, then clients of its competitors, Jones and Company CPA,
Suppose that the Smith CPA firm claims that its clients receive larger tax refunds, on average, then clients of its competitors, Jones and Company CPA, located on the other side of Raleigh. Totest the claim, 15 clients from the Smith firm are randomly selected and found to have a mean tax refund of $942 with a standard deviation of #103. At Jones and Company, a random sampleof 18 clients are surveyed and found to have a mean refund of $898 with a standard deviation of $95. Test the claim made by the Smith firm at the 0.05 level of significance. Assume that bothpopulation distributions are approximately and all other sample requirements are satisfied.The null hypothesis is written in the form: smith = jonesWhat will be the correct inequality sign for the alternative hypothesis? smith Hjones. Find the test statistics = ? Round to three decimal places , p- value = ? round to four decimal places, Fail to reject Ho or Reject Ho? And there is insufficient evidence or there is sufficient evidence?.
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