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

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answerhappygod
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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 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. Answers should be rounded
to the nearest ten-thousandth (4 decimals).
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