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In: Statistics and Probability

Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can...

Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can be completed in a mean time of 15 minutes or less. If a longer mean survey time is necessary, a premium rate is charged. Suppose a sample of 35 surveys produces the data in the Microsoft Excel Online file below. Use a known σ = 3.9 minutes. Is the premium rate justified?

 
Hypothesis Test about a Population Mean: Formulas
Sigma Known Case
Sample Size 15 #N/A
Sample Mean #N/A
Hypothesized Mean Value 15
Population Standard Deviation 3.9
Level of Significance 0.01
Standard Error #N/A
Critical Value #N/A
Test Statistic (z) #N/A
p-value (Lower Tail) #N/A
p-value (Upper Tail) #N/A
p-value (Two Tail) #N/A
Reject Null Hypothesis? #N/A
Data range A:A

1.Compute the value of the test statistic (to 2 decimals).

2.What is the p-value (to 4 decimals)?

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