Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A small cleaning service company obtains a contract proposal from a customer owning an office tower with 100 rooms. The company has only 5

 

A small cleaning service company obtains a contract proposal from a customer owning an office tower with 100 rooms. The company has only 5 workers. It needs to determine its profit margin by first finding out the time required by the workers to finish cleaning 100 rooms. The first estimation is that the workers would need 5.5 hours to clean the 100 rooms. The company starts a probation period for two week, while collecting data so that it can later charge the customer correctly. The data collected by the company can be seen on the next table. After collecting this data, the company wants to determine if the first estimation of 5.5 hours to finish cleaning 100 rooms was reasonable. If the computed t-value falls between -to.025 and to.025, the company would be satisfied and will stay with its first estimation. What is your opinion?

Step by Step Solution

3.52 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

One sample ttest using T distribution DF110000 righttailed validation 1 H 0 hypothesis Since pvalue ... 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_2

Step: 3

blur-text-image_3

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

Elementary Statistics A Step By Step Approach

Authors: Allan Bluman

8th Edition

73386103, 978-0073386102

More Books

Students also viewed these Accounting questions

Question

2. Explain the distinctions between risk and odds.

Answered: 1 week ago

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago

Question

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

Write short notes on departmentation.

Answered: 1 week ago