Historically, Widgets Manufacturing Inc. produces 250 widgets per day. Recently the new owner bought a new machine

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Historically, Widgets Manufacturing Inc. produces 250 widgets per day. Recently the new owner bought a new machine to produce more widgets per day. A sample of 16 days’ production revealed a mean of 240 units with a standard deviation of 35. Construct a confidence interval for the mean number of widgets produced per day. Does it seem reasonable to conclude that the mean daily widget production has changed? Justify your conclusion.

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Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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