Test the Given Claim $$\begin{array} { l l l l l l l } 54 & 59 & 69 & 84 & 74 & 64 & 69 \\70 & 66 & 80 & 59 & 71 & 76 & 63\end{array}$$

question 2

Essay

Test the given claim. Use the P-value method or the traditional method as indicated.
the null hypothesis, alternative hypothesis, test statistic, critical value(s)or P-value,
conclusion about the null hypothesis, and final conclusion that addresses the original claim.
The mean resting pulse rate for men is 72 beats per minute. A simple random sample of
men who regularly work out at Mitch's Gym is obtained and their resting pulse rates (in beats
per minute)are listed below. Use a 0.05 significance level to test the claim that these sample
pulse rates come from a population with a mean less than 72 beats per minute. Assume that
the standard deviation of the resting pulse rates of all men who work out at Mitch's Gym is
known to be 6.6 beats per minute. Use the traditional method of testing hypotheses. $$\begin{array} { l l l l l l l } 54 & 59 & 69 & 84 & 74 & 64 & 69 \\70 & 66 & 80 & 59 & 71 & 76 & 63\end{array}$$

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Definitions:

Managing Director (MD)

The senior-most executive in an organization or business, typically responsible for strategy, decision-making, and day-to-day operations.

Board of Directors

A group of individuals elected by shareholders to oversee the activities and direction of a corporation.

Financial Performance

A measure of how well a company is using its assets to generate profits, often analyzed through financial statements like the income statement and balance sheet.

Disaggregate

To break down into smaller components or elements for analysis or examination.