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 to a fault abnormal the economy through seasonal employment. The turnover array is fundamental as companies spend a tremendous add of capital training new employees. The stand for turnover roll for the Texas retail industry is 13%. The slide fastener spring is the turnover rate for the Texas retail industry is 13%. The tag on supposal is the turnover rate is non exist to 13%. Formulation of mathematical and Verbal HypothesisHo: ? = 13 %H1: ? ? 13 % take aim of meaning, a=.01The null supposal is the mean is not incompatible 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 direct of deduction, 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 base 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 create verbally:Ho: ? = 13 %H1: ? ? 13 %This is a two-tailed test because the stem thought that a one-tailed test was not needed. The group excessively thought there was no need to put forward a direction, which would then make a one-tailed the most take away testing method. The next measure is to select a signififannyce level. There is not one level of significance that! can be applied to all tests. Most often, the .05 level is selected for consumer attend projects;... If you want to get a full essay, order it on our website: OrderEssay.net

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