The Next Questions Are Based on the Following Information

question 55

Essay

The Next Questions Are Based On The Following Information:
A company selling new econometrics computer software advertises that firms using this software obtain,on average during the first year,a yield of at least 10% on their initial investments.A random sample of 10 of the franchises that used the software produced the following yields for the first year of operation: 9.4,11.1,10.4,10.5,11.2,8.2,8.5,4.0,8.8,and 6.1.Assume that population yields are normally distributed.
-Test the company's claim at the 5% significance level.

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Definitions:

Inner Core

The innermost part of Earth, believed to be a solid sphere composed of an iron-nickel alloy and some lighter elements.

Central Traits

Fundamental characteristics that form the foundation of personality, according to Gordon Allport's theory.

Gordon Allport

A pioneering psychologist known for his theory of personality and the concept of the trait.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.