A manufacturing company has been averaging 18.2 orders per week for several years. However, during a recession
Question:
A manufacturing company has been averaging 18.2 orders per week for several years. However, during a recession weekly orders have appeared to slow. Suppose the company’s production manager randomly samples 32 weeks during the recession period and finds a sample mean of 15.6 orders per week. The population standard deviation is 2.3 orders per week. Test in order to determine whether the average number of weekly orders has decreased in the recession period, using α = 0.10.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
Question Posted: