An accounting firm wishes to set a standard time required by employees to complete a certain
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Question:
An accounting firm wishes to set a standard time μμ required by employees to complete a certain audit operation. Times from 18 employees yield a sample mean of 4.1 hours and a sample standard deviation of 1.6 hours.
Assuming a normal distribution for the population, find the p-value for the test H0: μμ = 3.5 versus H1: μμ ≠≠ 3.5, and your conclusions at 1% and 5% levels of significance
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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