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A shareholders group is lodging a protest against your company The shareholders group claimed that...

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A shareholders group is lodging a protest against your company The shareholders group claimed that the mean tenure for a chief exective office CEO was at least 11 years A survey of 121 companies reported in The Wall Street Journal found a sample mean tenure of 8 9 years for CEOs with a standard deviation of s 6 years The Wall Street Journal January 2 2007 You don t know the population standard deviation but can assume it is normally distributed You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group at a significance level of a 0 10 Your hypotheses are Hou 8 EV O 11 Ha OF O 11 O What is the p value for this sample p value O What is the test statistic for this sample test statistic 3 850 o Report answer accurate to 3 decimal places Report answer accurate to 4 decimal places Y Part 2 of 6 Part 3 of 6

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