Determine and interpret the p-value in output

Assignment Help Accounting Basics

Reference no: EM132476331

Problem 1: Historically the time reported as "sick leave" for white collar public service employees has been 8.5 days per year. An auditor is concerned that perceived mismanagement of change processes in the latest year have impacted on staff morale, and may well have resulted in greater sick leave. The auditor's activity showed that the reported sick leave for a sample of 50 employees in the year under review was 8.7 days, with a standard deviation of 1.2 days.

a. Test at the 1% significance level whether the statistics from the sample support the auditor's hypothesis that sick leave has increased.

b. Interpret the p-value in your output for part b. and say how this supports the conclusion

Problem 2: Management of a large university ran a pilot project to see if a new approach to presenting online subjects would lift overall student satisfaction. The pilot involved selecting a number of online subjects with large enrolments, implementing the new approach for the latest session and then running the standard subject evaluation survey to gauge overall student satisfaction. Historically the proportion of students expressing overall satisfaction with these online subjects had been 80%, however the survey results for the pilot indicated that 369 out of 450 students expressed overall satisfaction. Management immediately declared the pilot a success, as "overall student satisfaction in the pilot exceeded 80%".

a. Test at the 5% significance level whether the data support management's conclusion.

b. Use the appropriate macro output which could be used to test the hypothesis in part a. Include the resulting Excel output and verify that the output supports your calculations and conclusion in part a.

c. Use an interpretation of the p-value in your output for part b. in a brief statement that says in everyday terms why/why not management's conclusion was correct.

Reference no: EM132476331

Questions Cloud

What were the benefits of implementing an edw at isle : What were the benefits of implementing an EDW at Isle? Can you think of other potential benefits that were not listed in the case?

Existence of different factor supplies in different : Illustrates that the existence of different factor supplies in different nations leads to gains from trade. Specify the necessary assumptions

What you see as possible negatives to the given technology : Choice ONE Technology, that YOU predict will have a major impact on the way work is done? write one paragraph describing the technology, one paragraph.

Maintaining the traditional agricultural system : Why is maintaining the traditional agricultural system not a viable option for most developing countries?

Determine and interpret the p-value in output : Test at the 1% significance level whether the statistics from the sample support the auditor's hypothesis that sick leave has increased.

Write education and database-related work experience : Write a 1- to 2-page cover letter briefly describing your (fictional) database administrator-related qualifications and outlining the reasons you believe.

Amounts to pay the additional government spending : What will happen in the economy if the government increases spending and increases taxes by equal amounts to pay the additional government spending?

Describe the statement related to cloud computing : In 500 words or more, consider this statement: For cloud computing to become multi-jurisdictional, it must be separated from politics.

Private saving and national saving : For the Kingdom of Wakanda, which is a closed economy, total output is equal to $30 billion and consumption equals $15 billion.

User Account

All Pages