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Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can...

Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can be completed in a mean time of 15 minutes or less. If a longer mean survey time is necessary, a premium rate is charged. A sample of 35 surveys provided a mean time of 17 minutes. Based upon past studies, the population standard deviation is assumed known with σ=4. Is the premium rate justified?

Compute the value of the test statistic. (Round to two decimal places).

What is the p-value? (Round to three decimal places).

At α=0.01, what is your conclusion? (Reject the null hypothesis) or (Do not reject the null hypothesis)

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