An industrial psychologist consulting with a chain of music stores knows that the average number of complaints management receives each month throughout the industry is 4, but the variance is unknown. Nine of the chain's stores were randomly selected to record complaints for one month; they received 2, 4, 3, 5, 0, 2, 5, 1, and 5 complaints. Using the .05 significance level, is the number of complaints received by the chain different from the number of complaints received by music stores in general? 1. Use the five steps of hypothesis testing.
2. Sketch the distributions involved
3. Explain the logic of what you did to a person who is familiar with hypothesis testing, but knows nothing about t tests of any kind. Be sure to explain how this problem differs from a problem with a known population variance and a single sample.

See explanation

Step-by-step explanation:

1. Use the five steps of hypothesis testing.

Step 1: The aim of the research is to conduct the five steps of hypothesis testing.

Step 2:

Null hypothesis: H0 u= 4

Population mean: H1 u = 4

Alternate hypothesis: u ≠ 4

Population mean: u ≠ 4

Step 3 and step 4 are attached.

Step 5: Based on the calculation, the calculated value of t is less than the t critical value, therefore, the null hypothesis will be failed to be rejected.

2. Sketch the distributions involved

This has been attached.

3. Explain the logic of what you did to a person who is familiar with hypothesis testing, but knows nothing about t tests of any kind.

The distribution is "t".

The means is tested by using T-test.

Chi-square is used to test the single variance.

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

4+4+2x

or

2x+8

step-by-step explanation: