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Question (Category: math homework)
wall street securities firms paid out record year-end bonuses of $125,500 per employee for 2005 (fortune, february 6, 2006). suppose we would like to take a sample of employees at the jones ampamp ryan securities firm to see whether the mean year-end bonus is different from the reported mean of $125,500 for the population.br br state the null and alternative hypotheses you would use to test whether the year-end bonuses paid by jones ampamp ryan were different from the population mean. br br h0: br ha: br suppose a sample of 40 jones ampamp ryan employees showed a sample mean year-end bonus of $118,000. assume a population standard deviation of $31,000 and compute the p-value (to 4 decimals). br br with = .05 as the level of significance, what is your conclusion? br br br answer the next three questions using the critical value approach. br using = .05, what is the critical value for the test statistic? br +- br calculate the test statistic (to 2 decimals). br br using = .05, can you conclude that the year-end bonuses paid by jones ampamp ryan were different from the population mean div


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