Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A microchip factory manager decides to use a hypothesis test to determine whether additional money should be spent on quality control. He wishes to test

A microchip factory manager decides to use a hypothesis test to determine whether additional money should be spent on quality control. He wishes to test the null hypothesis "Ho: the proportion of dysfunctional microchips is as least 0.10" against the alternative hypothesis "Ha: the proportion of dysfunctional microchips is less than 0.10" at a level of significance of 0.05. Describe a type I error in this context and a consequence of this error. Group of answer choices Concluding that the proportion was at least 0.10 when it was actually less than 0.10 ; He will have spent money on quality control when it wasn't needed. Concluding that the proportion was at least 0.10 when it was actually less than 0.10 ; he will continue selling many defective chips and have unhappy customers. Concluding that the proportion was less than 0.10 when it was actually 0.10 or more; He will have spent money on quality control when it wasn't needed. Concluding that the proportion was less than 0.10 when it was actually 0.10 or more; he will continue selling many defective chips and have unhappy customers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics for Economics and Business

Authors: Ian Jacques

9th edition

129219166X, 9781292191706 , 978-1292191669

More Books

Students also viewed these Mathematics questions

Question

What is an LRAD?

Answered: 1 week ago