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A Company is selling licenses for an office management system, and publicized that businesses using the product and serv
Posted: Tue Apr 26, 2022 6:20 pm
by answerhappygod
- A Company Is Selling Licenses For An Office Management System And Publicized That Businesses Using The Product And Serv 1 (35.24 KiB) Viewed 36 times
A Company is selling licenses for an office management system, and publicized 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. A) If yield distribution is normal, what will be the p-value of the test against appropriate alternative?