Answer:
Hence the null hypothesis is not rejected.
We conclude that productivity objective (in dollars) is not better than $75,000 per employee.
Step-by-step explanation:
Single sample t-test ( upper tail test)
![H_0: \mu = 75000\\H_1: \mu > 75000](https://img.qammunity.org/2022/formulas/business/college/dthw4iqhu4n3668z87uggibiwwzsfzpe8f.png)
N=20
Mean =75500
Sd=18968.117
![t = \frac { (\bar x - \mu)} {\frac {s} {√(n)}}\\\\t = ((75500-75000))/((18968.117)/(√(20)))\\t=0.1179](https://img.qammunity.org/2022/formulas/business/college/90kntujwcnkir3yisucpzxec22xlr8lieh.png)
DF= 20-1=19
Table value of t at 0.05 level of significance =1.7291
Calculated t=0.1179 < table value 1.7291
The null hypothesis is not rejected
We conclude that productivity objective (in dollars) is not better than $75,000 per employee