Turn Over Rate For The Texas Retail Industry

Describe HypothesisThe Texas economy relies on the retail industry is a spirited part of the Texas economy. The Texas retail overturn reckon has likewise abnormal the economy through seasonal employment. The turnover deem is fundamental as companies spend a tremendous essence of capital training new employees. The stand for turnover estimate for the Texas retail industry is 13%. The slide fastener spring is the turnover rate for the Texas retail industry is 13%. The alternate supposal is the turnover rate is not exist to 13%. Formulation of mathematical and Verbal HypothesisHo: ? = 13 %H1: ? ? 13 % take of meaning, a=.01The null theory is the mean is not contrastive from 13%, unless equals to 13%. The alternate hypothesis is the mean is not equal to 13%. The train of signifi toiletce is .01, which is the probability of rejecting the null hypothesis. The level of importee, which is alpha, equals .01. Performance of the Five-Step Hypothesis TestThe first step in hypothesis evidenceing is to establish the null (Ho) and the alternate hypothesis (H1). The hypothesis that the stand affirms is that there is average turnover rate of 13% in the Texas retail industry. The null hypothesis is the population mean is 13%. The alternate hypothesis is ?The mean is different from 13% or the mean is not 13%.

Both hypotheses be scripted:Ho: ? = 13 %H1: ? ? 13 %This is a two-tailed test because the assort thought that a one-tailed test was not needed. The group in any case thought there was no need to put forrard a direction, which would then make a one-tailed the most slue testing method. The next measure is to select a sig! nifi passelce level. There is not one level of significance that can be applied to all tests. Most often, the .05 level is selected for consumer chase projects;... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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