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
what are the effects of interest rate in the economy of south africa in unemployment, economic groth, employment. and economic growth

How would I solve and graph this problem C=$1 (trillion)+.80Yd

In the long run A. price and output levels are mutually dependent. B. the level of output depends on the price level. C. the level of output is independent of the price level.


The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements aimed at making public aware of the dan

Under what conditions does the text explain that monetary policy is neutral? If it is neutral under these conditions, why is it still an important economic policy tool? Your answer

To the right is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): a. Show these data graphically. Upon what specific assumptions is t

Importance of macroeconomics models Using the models we can, for example, analyze what happens when the government increases consumption, when the central bank increases the tar

Economics Please Help! Assume that two power plants, Firm 1 and Firm 2, release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard. To meet the sta

Illustrate the policy - Beggar my neighbour 'Beggar my neighbour' policies are government policies which attempt to gain a competitive benefit at the expense of other countries