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 as well abnormal the economy through seasonal employment. The turnover stride is fundamental as companies spend a tremendous tot of capital training new employees. The stand for turnover step for the Texas retail industry is 13%. The slide fastener fount is the turnover rate for the Texas retail industry is 13%. The flip supposal is the turnover rate is not exist to 13%. Formulation of mathematical and Verbal HypothesisHo: ? = 13 %H1: ? ? 13 % take aim of meaning, a=.01The null possibility is the mean is not disparate 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 implication, which is alpha, equals .01. Performance of the Five-Step Hypothesis TestThe first step in hy pothesis evidenceing is to establish the null (Ho) and the alternate hypothesis (H1). The hypothesis that the guinea pig 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 conference thought that a one-tailed test was not needed. The group overly thought there was no need to put in advance a direction, which would then make a one-tailed the most abstrac t testing method. The next measure is to sel! ect a signifi basince level. There is not one level of significance that can be applied to all tests. Most often, the .05 level is selected for consumer expect projects;... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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