Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the production
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Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the production department reports that the distribution of the bag weights follows the normal distribution and the standard deviation of this process is 3 pounds per bag. At the end of each day, Jeff Rutter, the production manager, weighs 10 bags and computes the mean weight of the sample. Below are the weights of 10 bags from today’s production.
a. Can Mr. Rutter conclude that the mean weight of the bags is less than 50 pounds? Use the .01 significance level.
b. In a brief report, tell why Mr. Rutter can use the z distribution as the test statistic.
c. Compute thep-value.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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