Two extrusion machines that manufacture steel rods are being compared. In a sample of 1000 rods taken
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a. 960 met specifications regarding length and diameter. In a sample of 600 rods taken from machine
b. 582 met the specifications. Machine B is more expensive to run, so it is decided that machine A will be used unless it can be convincingly shown that machine B produces a larger proportion of rods meeting specifications.
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A Let the proportion of all rods from machine A that meet specification...View the full answer
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Sureshbhai Chaudhari
I have completed post graduation in commerce in 2016, I have also completed CFP (Certified financial planner) in 2016, I have cleared CFA (chartered financial analyst) L3 in 2019. I am FRM (financial Risk manager) Part 2 candidate. I am currently working as academic expert on finance with chhegg.
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