ZUBRAK Inc., sells licenses for new office management system, and advertises that businesses using the product and servi

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ZUBRAK Inc., sells licenses for new office management system, and advertises that businesses using the product and servi

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Zubrak Inc Sells Licenses For New Office Management System And Advertises That Businesses Using The Product And Servi 1
Zubrak Inc Sells Licenses For New Office Management System And Advertises That Businesses Using The Product And Servi 1 (29.14 KiB) Viewed 48 times
ZUBRAK Inc., sells licenses for new office management system, and advertises that businesses using the product and service will obtain, on average during the first year, a yield exceeding 7.7% on their initial investments. A random sample of 36 of these businesses produced the information on yields, averaging 8.4% with a standard deviation of 1.486% for the first year of operation. The analyst intended to use the data to test if there is sufficient evidence to support the advertiser's claim. What will be the p-value of the test against appropriate alternative?Assume that the distribution of yield is normal.
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