ZUBRAK Inc., sells licenses for new office management system, and advertises that businesses using the product and servi
Posted: Tue Apr 26, 2022 6:19 pm
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.
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.