Business, 24.04.2020 16:54 pennyelaineodom

A shareholders' is lodging a protest against your company. The shareholders group claimed that the mean tenure for a chief executive office (CEO) was at least 11 years. A survey of 114 companies reported in The Wall Street Journal found a sample mean tenure of 10 years for CEOs with a standard deviation of s = 5.4 years (The Wall Street Journal, January 2, 2007). You don't know the population standard deviation but can assume it is normally distributed
You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of alpha = 0.001. Your hypotheses are:
H_0: mu = 11
H_0: mu < 11
What is the test statistic for this sample? test Statistic = What is the p-value for this sample? p-value =?

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A shareholders' is lodging a protest against your company. The shareholders group claimed that the m...

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