Enterprise.com conducted a study of tech startup companies over the past five years, classifying the companies as

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Enterprise.com conducted a study of tech startup companies over the past five years, classifying the companies as “highly successful,” “moderately successful,” and “unsuccessful.” In the study, a sample of 10 startups in each category was selected. In each case, the aggregate years of business experience for the founders of the startup were determine d. Sample results are reported in the partially completed table below:

Fill in the values for the indicated cells. Can the results of the study be used to reject a “no difference in population mean years of business experience” null hypothesis at the 5% significance level? Explain.

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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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