Develop the null and alternative hypotheses, Macroeconomics

Because of high production-changeover time and costs, a director of manufacturing must convince management that a proposed manufacturing method reduces costs before the new method can be implemented. The current production method operates with a mean cost of $220 per hour. A research study will measure the cost of the new method over a sample production period.

a. Develop the null and alternative hypotheses most appropriate for this study.

b. Comment on the conclusion when H0 cannot be rejected.

c. Comment on the conclusion when H0 can be rejected.

Posted Date: 4/1/2013 1:28:38 AM | Location : United States







Related Discussions:- Develop the null and alternative hypotheses, Assignment Help, Ask Question on Develop the null and alternative hypotheses, Get Answer, Expert's Help, Develop the null and alternative hypotheses Discussions

Write discussion on Develop the null and alternative hypotheses
Your posts are moderated
Related Questions
Q. Show the Destruction of capital? Destruction of capital, for instance, through a war, works in the opposite way. Marginal product of labor falls, GDP per capita falls and po

Q. Explain about Price Inflation? The major reason for allowing for non-constant wages in the model is that we then can allow for persistent deflation/inflation. With constant


Aggregate Supply in the Short Run Production takes place in business sector on the basis of an expected price for its output. However, costs are incurred in anticipation of sa

An economy has the following parameter values: s ?=.3,d ?=.1,A ?=1,andL ?=100.2 The economy begins at steady state but at some point is attacked by Godzilla, destroying 70% of the

Manufacturer is considering purchasing equipment, which will have the following financial effects: Year Disbursements Receipts 0 $4400 $0 1 660 880 2 660 1980 3 440 2420 4 220 1760

The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the s

Consider a nation in which the volume of goods and services is growing by 5 percent per year. If a country's economic size is growing faster than the rest of the world, then

what is the relationship betwen growth and poverty? either it is positive or negative?

Q. Consumption function in the AS-AD model? Consumption. Suppose that P increases by say 10% whereas real GDP (Y) is constant. Nominal GDP and nominal national will now have