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10.1 Exercise 6

Avg difficulty 2.5

A study is done to determine if Company A retains its workers longer than Company B. It is believed that Company A has a higher retention than Company B. The study finds that in a sample of 11 workers at Company A their average time with the company is four years with a standard deviation of 1.5 years. A sample of 9 workers at Company B finds that the average time with the company was 3.5 years with a standard deviation of 1 year. Test this proposition at the 1% level of significance.

d. What is the random variable?

OpenStax Introductory Business Statistics 2e, 10.1 Comparing Two Independent Population Means, exercise 6

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Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.