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Business, 29.06.2019 09:40 HeroesofOlympus96951
Leonard has 15 years of seniority at a job with a small company where he gets along well with everyone. recently, a competitor called to offer him a job that would pay more money, but where he would have to start over, with no seniority. as leonard tries to decide whether to accept the new job because it offers more money or turn it down because it would mean giving up his seniority, he is facing
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Acompany is developing a new highÂperformance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.
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