Your organization has a goal of 14 days for the average processing of a purchase request (PR) from notification to final approval. They are only concerned if it takes longer than 14 days. A sample of 25 PRs produced a mean of 15.5 days and a standard deviation of 1.5 days. Test at the 5% level of significance whether they are meeting their goal. Select the correct answer out of each pair of choices. (Carry intermediate calculations to three decimal places.) (select all that apply)
The tp is 1.711
The tp is 1.708
The tc is 5.00
The tc is 25.00
We would reject the null hypothesis
We would fail to reject the null hypothesis
We would conclude that the organization is meeting their goal.
We would conclude that the organization is not meeting their goal