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4- It has been reported that tech companies in Silicon Valley hired an average of 18.7 new employees last year. Suppose you take a random sample of 15 of the companies this year and find that the average number of new hires in the sample is 19.5. The sample standard deviation is 3.6. Is the sample evidence sufficient to reject the null hypothesis Ho: μ-18.7 ? Use a significance level of.05. Assume the population distribution is approximately normal. (21 points) Null Hypothesis: Level of significance: ive Hypothesis: x-bar: sigma/s: sample size: t statistics: t critical Decision: Reason for the decision: P-value Decision: Reason for the decision
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