Honey. A honey production factory uses machines to refine honey and put it into bottles. In the
Question:
Honey. A honey production factory uses machines to refine honey and put it into bottles. In the production line, based on previous records, less than 1.5% of the bottled honey gets damaged. During a recent quality control examination, a quality controller wants to determine whether the damaged honey is now less than the previous record. He randomly selects 704 bottles of honey and finds that 10 of them were damaged. Answer the following based on the given context:
a) Write the appropriate hypotheses.
b) Check the necessary assumptions and conditions.
c) Perform the mechanics of the test. What is the P-value?
d) Explain carefully what the P-value means in this context.
e) What is your conclusion?
Step by Step Answer:
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman