Explain interpret the meaning of the p-value in this problem, Operation Management

Assignment Help:

Initially, the mean turnaround time for a stress test was 68 hours. After incorporating changes into the stress-test process, the quality improvement team collected a sample of 50 turnaround times. In this sample, the mean turnaround time was 32 hours, with a standard deviation of 9 hours.

a. If you test the null hypothesis at the 0.01 level of significance, is there evidence that the new process has reduced turnaround time?

b. Interpret the meaning of the p-value in this problem

Related Discussions:- Explain interpret the meaning of the p-value in this problem

Explain the pros and cons of the theory, Explain the McGregor's Theory x-y,...

Explain the McGregor's Theory x-y, the pros and cons of the theory

What are considered as short-term investments, Wonka Confectioners most rec...

Wonka Confectioners most recent FCF was $48 million, which is expected to grow at a constant rate of 6%. The firms WACC is 12% and it has 15 million shares of common stock outstand

Describe writing process to produce quality documents, Explain your persona...

Explain your personal writing process. What has worked for you in your effort to produce quality documents? What is your biggest writing challenge?

Simplex method, The given problem can be expressed as an LPP as follows:...

The given problem can be expressed as an LPP as follows: Let X i represent the number of units shipped from plant to warehouse with Z representing the total cost we

Explain research on leader-member exchange, Write a 750-1,000-word paper th...

Write a 750-1,000-word paper that analyzes the two leadership case studies, "Coach Knight: A Will to Win" and "Coach K: A Matter of the Heart." Address the following questions a

Explain the guidelines overall arrangement in retail stores, 1. Briefly des...

1. Briefly describe the guidelines for determining the overall arrangement in Retail Stores. 2. Briefly describe the advantages of Work Cells. 3. Compare/Contrast how the concept o

Compute productivity indices and compare rises productivity, 1. Productivit...

1. Productivity is considered by many to be the essence of operations management - suggest reasons to support this assertion. 2. Using the figures in the table, if we use 2000

Explain concepts in the world of marketing, In the world of marketing, ____...

In the world of marketing, _____ are ideas about products or services. (Points : 3) concepts notions perceptions impressions theories

OPERATTION MANAGEMENT, DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES...

DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES IN MANFACTURING

Who are involve in top management, Who are involve in top management ? T...

Who are involve in top management ? Top management level involves Board of Directors, Chief Executive and General Manager and Managing Directors.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages