EssayNICE | 24/7 Homework Help

Essaynice Will Help You Write Your Essays and Term Papers

Answered » You can buy a ready-made answer or pick a professional tutor to order an original one.

Assignment help 4625

by | Jun 24, 2023 | Posted Assignments

According to the Democratic Chronicle article "Millions forfeited in health accounts", an estimated $210 million is forfeited each year because employees do not use all of the money they contributed to their medical flexible spending accounts. The average amount put into these accounts annually is about $1000. Suppose a random sample of 150 employees at a local business was taken in 2005 and an average amount of $925 was deposited into their flexible spending accounts. Test the hypothesis that there was no significant change in the average flexible spending amounts despite the millions of dollars forfeited. Assume that Ï =$307 per year. Use α = 0.05.a. Define the parameter.b. State the null and the alternative hypothesesc. Specify the hypothesis test criteriad. present the sample evidencee. Find the probability distribution informationf. determine the results.

HOME TO CERTIFIED WRITERS

Why Place An Order With Us?

  • Certified Editors
  • 24/7 Customer Support
  • Profesional Research
  • Easy to Use System Interface
  • Student Friendly Pricing

Have a similar question?

PLAGIRAISM FREE PAPERS

All papers we provide are well-researched, properly formatted and cited.

TOP QUALITY

All papers we provide are well-researched, properly formatted and cited.

HIGHLY SECURED

All papers we provide are well-researched, properly formatted and cited.

Open chat
1
Powered by essaynice
Hello! Welcome to to our whatapp support.
We offer READY solutions, HIGH QUALITY PLAGIARISM FREE essays and term-papers.

We are online and ready to help