Find and interpret the p-value of test

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- A random sample of 997 undergraduates enrolled in management ethics courses was asked to Page 2 of 2 respond on a scale from 1 (strongly disagree) to 7 (strongly agree) to this proposition: Senior corporate executives are interested in social justice. The sample mean response was 5.09, and the sample standard deviation was 1.12. Test at the 5% level, against a two-sided alternative, the null hypothesis that the population mean is 4.8.

-Of a random sample of 276 auditors, 111 indicated some measure of agreement with this statement: Cash flow is an important indication of profitability. Test at the 5% significance level against a twosided alternative the null hypothesis that one-half of the members of this population would agree with this statement. Also find and interpret the p-value of this test.

Reference no: EM132857116

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