Calculate the value of the test statistic


Employee suggestions can provide useful and insightful ideas for management. Some companies solicit and receive employee suggestions more than others, and company culture influences the use of employee suggestions. Suppose a study is conducted to determine whether there is a significant difference in a mean number of suggestions a month per employee between the Canon Corporation and the Pioneer Electronic Corporation. The study shows that the average number of suggestions per month is 5.8 at Canon and 5.0 at Pioneer. Suppose these figures were obtained from random samples of 36 and 45 employees, respectively. Assume population standard deviations are 1.7 and 1.4 for Canon and Pioneer, respectively, is there a significant difference in the population means? Use α= .0.5


Develop the appropriate hypotheses for this application.

Calculate the value of the test statistic.

Determine the p-value. Using the p-value rejection rule, what is the statistical conclusion?

Determine the critical value. Using the critical value rejection rule, what is the statistical conclusion?

Based on your statistical conclusion, what is the English conclusion?

 

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Accounting Basics: Calculate the value of the test statistic
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