MBA - Business Research

MBA - Business Research

Question 1

H0: The profit of your organization is less than £1228.

H1: The profit of your organization is greater than £1228.

Question 2

The resulting p - value is insignificant i.e. it shows almost only 40% chances for the null hypothesis. In other words the hypothesis for the organization's profit being greater than £1228 is only 60% or to be exact p = 0.595.

Question 3

t = (x - µ)/s

t = (1203 - 1228) / 104 = -0.240

p - value = 0.8258

Result: The profit per employee for the company is significantly lower than the industry average.

Question 4

If ...