A shareholders group in lodging a protest claimed that the

Last updated: 4/2/2024

A shareholders group in lodging a protest claimed that the mean tenure for a chief executive office CEO was at least nine years A survey of companies reported in The Wall Street Journal found a sample mean tenure of x 7 27 years for CEOS with a standard deviation of s 6 38 years a Formulate hypotheses that can be used to challenge the validity of the claim made by the shareholders group O Hot 9 H 9 H 9 H 9 Hok 9 H 9 H 9 b Assume 90 companies were included in the sample What is the test statistic Round your answer to three decimal places What is the p value for your hypothesis test Round your answer to four decimal places p value c At a 0 01 what is your conclusion O Reject Ho We can conclude that the mean tenure of a CEO is significantly lower than 9 years The claim of the shareholders group is not valid Do not reject Ho We cannot conclude that the mean tenure of a CEO is significantly lower than 9 years The claim of the shareholders group is valid Do not reject Ho We can conclude that the mean tenure of a CEO is significantly lower than 9 years The claim of the shareholders group is not valid Reject Ho We cannot conclude that the mean tenure of a CEO is significantly lower than 9 years The claim of the shareholders group is valid