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A manufacturer has received complaints that aging production equipment is forcing workers to work overtime in order to meet production quotas. Historically, the average hours worked per week is 40 with a standard deviation of 7.5 hours. If a sample of 25 workers found that the average work week is 48 hours, conduct a hypothesis test to determine if there is significant evidence that the length of the average work week has increased? Use alpha=.05 (State the Hypothesis Scenario, calculate the test statistics or p - value and state the conclusion)
A device has a sensor connected to an alarming system. The sensor triggers with probability 0.95 if dangerous conditions exist in a given day and with probability 0.005 if conditions are normal during the day. Days with dangerous conditions occur ..
Determine the estimated population mean?
WHich sampling method from the choices listed above would be best? Describe how you would carry out your chosen sampling method of a student from part (a)
Construct a 95% confidence interval for the population mean.
Use the value 20 for the population standard deviation of scores on this subsection.
The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,600. Micromedia rents computers for its seminars at a cost of $60 per computer per day. Question: find the breakeven point for this problem using Excel.
Calculate the coefficient of skewness and coefficient of variation of minutes spent commuting. What do these statistics tell us?
Given the following data, calculate the EMV for each investment alternative. Which is best based on the EMVs you calculated?
What should ING's General Counsel do to minimize ING's expected costs?
As part of their application for a loan to buy Lakeside Farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected:
Develop a scatter diagram for the data and write a brief summary.
what percent of the total number of seeds germinated?
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