The annual profit for your organisation last year was £1203, per employee. The average for the sector was £1228 per employee

| August 14, 2017

The annual profit for your organisation last year was £1203, per employee. The average for the sector was £1228 per employee. You need to know if there is evidence that your organisation is not as profitable, on average, as your competitors. The standard deviation for the sector is £104 per employee.Question 1. State H0 and H1 for the test to check this? Assuming that annual per employee profit follows a Normal distribution, the resulting P-value for the test is, P= 0.405 (3 …

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