Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultantsand services. Higher ratings on the client satisfaction survey indicate better service,with 7 the maximum...

Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultantsand services. Higher ratings on the client satisfaction survey indicate better service,with 7 the maximum service rating. Independent samples of service ratings for twofinancial consultants are summarized here. Consultant A has 10 years of experience,whereas consultant B has 1 year of experience. Use a  .05 and test to see whether theconsultant with more experience has the higher population mean service rating.Consultant A Consultant Bn1 =16 n2 = 10x¯1 = 6.82  x¯2=6.25s1 =.64 s2 = .75a. State the null and alternative hypotheses.b. Compute the value of the test statistic.c. What is the p-value?d. What is your conclusion?


May 23, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here