Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An electronics manufacturing process has a scheduled mean completion time of 70 minutes... An electronics manufacturing process has a scheduled mean completion time of 70

An electronics manufacturing process has a scheduled mean completion time of 70 minutes...

image text in transcribed
An electronics manufacturing process has a scheduled mean completion time of 70 minutes. It is claimed that, under new management, the mean completion time, u, is less than 70 minutes. To test this claim, a random sample of 12 completion times under new management was taken. The sample had a mean completion time of 62 minutes and a standard deviation of 12 minutes. Assume that the population of completion times under new management is normally distributed. At the 0.05 level of significance, can it be concluded that the mean completion time, j, under new management is less than the scheduled mean? Perform a one-tailed test. Then fill in the table below. Carry your intermediate computations to at least three decimal places and round your answers as specified in the table. The null hypothesis: H : H P X S The alternative hypothesis: V The type of test statistics (Choose one) v 0=0 030 020 1 00 The value of the test statistic: (Round to at least three decimal places.) X 5 ? The p-value: ( Round to at least three 0 decimal places.) At the 0.05 level, can it be concluded that the mean completion time under new management is Yes No less than the scheduled mean? Save For Later Submil Assignment

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

Contemporary Business Mathematics With Canadian Applications

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

12th Edition

0135285011, 978-0135285015

More Books

Students also viewed these Mathematics questions

Question

Are all expenditures encumbered?

Answered: 1 week ago

Question

3. What are some additional forms of business segmentation?

Answered: 1 week ago

Question

What is paper chromatography?

Answered: 1 week ago

Question

Explain the cost of capital.

Answered: 1 week ago

Question

Define capital structure.

Answered: 1 week ago