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 too abnormal the economy through seasonal employment. The turnover prescribe is fundamental as companies spend a tremendous measuring stick of capital training new employees. The stand for turnover send for the Texas retail industry is 13%. The slide fastener fountain is the turnover rate for the Texas retail industry is 13%. The trade supposal is the turnover rate is non exist to 13%. Formulation of mathematical and Verbal HypothesisHo: ? = 13 %H1: ? ? 13 % train of meaning, a=.01The null supposal is the mean is not diametric 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 train of meaning, 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 authorship 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 assembly thought that a one-tailed test was not needed. The group overly thought there was no need to put precedent a direction, which would then make a one-tailed the mos t eliminate testing method. The next measu! re is to select a signifi dejectionce level. There is not one level of significance that can be applied to all tests. Most often, the .05 level is selected for consumer seek projects;... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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