New corporate strategies take years to develop. Two methods for facilitating the development of new strategies by execute strategy meetings are to be compared. One method is to hold a twoday retreat in a posh hotel; the other is to hold a series of informal luncheon meetings on company premises. Excel le (HW07_Q2.xls) contains the results of two independent random samples of rms following one of these two methods. The data are the number of months for each company that elapsed from the time an idea was rst suggested until the time it was implemented. Test for a difference between means, using alpha=0.05. Q7. Please state your hypothesis. a) H0: u(hotel) u(onsite) = 0, Ha: u(hotel) u(onsite) > 0 b) H0: u(hotel) u(onsite) = 0, Ha: u(hotel) u(onsite) 0, Ha u(hotel)- u(onsite) = 0 d) H0: u(hotel) u(onsite) = 0, Ha: p(hotel) u(onsite) #5 0 Q8. What type of test you will be using to test the hypothesis? a) Only an Independent Samples ttest b) Ftest First Then a Paired Samples ttest c) F-test First Then an Independent Samples ttest d) Ztest Q9. What is the value of the test statistic? a) 4.12 b) 1.71 c) 2.06 d) 4.12 Q10. What is the pvalue? a) 0.00019 b) 0.00038 0) 0.014 d) 0.028 Q11. What is the rejection criteria? Reject H0 if a) p-value 0.05 Q12. What is your conclusion? a) Reject H0 b) Fail to Reject H0 c) Reject Ha d) Fail to Reject Ha