Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The manager of a local home inspection company claims that their agents conduct a mean of no more than 55 in-depth home surveys every week.

The manager of a local home inspection company claims that their agents conduct a mean of no more than 55 in-depth home surveys every week. The employees believe their manager is underestimating their workload to avoid paying overtime. The numbers of in-depth surveys conducted during a week by a random sample of agents are as follows:

55566158555054535863

At the 0.01 level of significance, can the employees prove they are actually conducting more than 55 surveys per week?

STEP 1: State the null and alternate hypotheses.

H0:Answer

55 surveys per week > 55 surveys per week 55 surveys per week < 55 surveys per week 55 surveys per week

H1:Answer

55 surveys per week 55 surveys per week 55 surveys per week = 55 surveys per week> 55 surveys per week < 55 surveys per week

This is a_____test.

STEP 2: State the level of significance.

=Answer

STEP 3: Identify the test statistic.

Answer

zt

STEP 4: Formulate a decision rule.

Reject H0ifAnswer

ztAnswer

>

.

STEP 5: Take a sample, arrive at decision (complete calculation for test statistic).

Value of the sample mean:Answer

surveys per week

Value of the sample standard deviation:Answer

surveys per week

Value of test statistic:Answer

Therefore, we mustAnswer

not rejectrejectthe null hypothesis.

STEP 6: Interpret the result.

Based on sample data, evidence suggests that it isAnswer

likelynot likelythe employees are correct.The mean number of surveys conducted by the agentsAnswer

isis notactuallymore than 55 per week.

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

Understanding Financial Statements

Authors: Lyn FraserAlexa Fox, Judy Strauss, William Briggs, Mario Triola, S Certo, S. Certo, Philip Kotler, Robert Anthony, Barry Monk, Jaan Kiusalaas, R.C. Hi

10th Edition

0132655063, 9780132655064

More Books

Students also viewed these Mathematics questions