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Hypothesis testing

The mean length of stay of employees for a company in a particular dangerous industry is 16.7 months. One hundred randomly selected employees from a less dangerous industry had a mean length of stay of 17.8 months. At the 0.05 significance level, do the data provide sufficient evidence to conclude the mean length of stay of employees at the less dangerous industry differs from the mean length of stay at that dangerous industry? Assume that the population standard deviation of lengths of stay in that dangerous industry is 6.0 months.

Solution Summary

Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.