Periodically, merrill lynch customers are asked to evaluatemerrill lynch financial consultants and services (2000 merrilllynch client satisfaction survey). higher ratings on the clientsatisfaction survey indicate better services, with 7 the maximumservice rating. independent samples of service ratings for twofinancial consultants are summarized here. consultant a has 10years of experience, whereas consultant b has 1 year experience. use α = 0.05 and test to see whether the consultant with moreexperience has the higher population mean service rating.
consultanta consultant b
n1=16 n2 =10
x1 =6.82 (with bar overx) x2 = 6.25(with bar over x)
s1 =0.64 s2 = 0.75
a.) state the null and alternative hypothesis.
b.) compute the value of the test statistic.
c.)what is the p-value?
d.) what is your conclusion?

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!

x is the total time in minutes for the free response

you are given number of questions as 15 - m and time per item as 8 minutes

to find x multiply the two givens together:

x = 8 * (15-m) = 8(15-m)

step-by-step explanation:

given expression is .

now we need to simplify the given expression .

we know that square root is equivalent to the power 1/2. so that means we can take half of the exponents to get the square root of given expression.

expanding that will give a very very large number so let's keep answer in exponent form.

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.