Question
I've been asked to find the solution via excel. Any assistance would be greatly appreciated. Thank you The quality-control manager at a compact fluorescent light
I've been asked to find the solution via excel. Any assistance would be greatly appreciated. Thank you
The quality-control manager at a compact fluorescent light bulb (CFL) factory needs to determine whether the mean of life of a large shipment of CFL's is equal to 7,500 hours. The population standard deviation is 1,000. A random sample of 64 CFL's indicates a sample mean life of 7,250 hours.
A)At the 0.05 level of significance, is there evidence that the mean life is different from 7,500 hours?
B)Compute the p-value and interpret its meaning?
C)Construct a 95% confidence interval estimate of the population mean life of the CFL's.
D)Compare the results of (A) and (C). What conclusions do you reach?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
