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The Next Questions Are Based on the Following Information

Question 71

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The Next Questions Are Based On The Following Information:
An insurance company employs agents on a commission basis.It claims that in their first year,agents will earn a mean commission of at least $42,000 and that the population standard deviation is no more than $6,800.A random sample of nine agents found,for commissions in the first year, The Next Questions Are Based On The Following Information: An insurance company employs agents on a commission basis.It claims that in their first year,agents will earn a mean commission of at least $42,000 and that the population standard deviation is no more than $6,800.A random sample of nine agents found,for commissions in the first year, and The population distribution can be assumed to be normal. -Test at the 5% level the null hypothesis H<sub>0</sub> : μ ≥ 42,000 against the alternative hypothesis H<sub>1</sub> : μ < 42,000
and The Next Questions Are Based On The Following Information: An insurance company employs agents on a commission basis.It claims that in their first year,agents will earn a mean commission of at least $42,000 and that the population standard deviation is no more than $6,800.A random sample of nine agents found,for commissions in the first year, and The population distribution can be assumed to be normal. -Test at the 5% level the null hypothesis H<sub>0</sub> : μ ≥ 42,000 against the alternative hypothesis H<sub>1</sub> : μ < 42,000
The population distribution can be assumed to be normal.
-Test at the 5% level the null hypothesis H0 : μ ≥ 42,000 against the alternative hypothesis
H1 : μ < 42,000

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Reject H0 if t < -t8,0.05 = -1.860
t =...

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