In: Statistics and Probability
A study is done to test the claim that Company A retains its workers longer than Company B. Company A samples 16 workers, and their average time with the company is 5.2 years with a standard deviation of 1.1. Company B samples 21 workers, and their average time with the company is 4.6 years with a standard deviation of 0.9. The populations are normally distributed.
0.2 point for writing the hypothesis in symbolic form.
0.2 point for determining the value of the test statistic.
0.2 point for finding the critical value OR the p-value.
0.2 point for determining if you should reject the null hypothesis or fail to reject the null hypothesis.
0.2 point for writing a conclusion addressing the original claim.