Sunday, December 4, 2011

State the Null Hypothesis and the Alternative Hypothesis for this question?

The annual profit for your organization last year was $1500, per employee. The average for the sector was $1650 per employee. You need to know if there is evidence that your organization is not as profitable, on average, as you competitors. The standard deviation for the sector is $200, per employee.|||ANSWER: Indeterminate because the sample size isn't stated.

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