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New diet program claims that participants will lose on average at least 25 pounds during the first week of the program. A random sample of 100 people participating in the program showed a sample mean weight loss of 4 pounds. The sample standard deviation was 9 pounds. Illustrate what is your conclusion about the claim made by the diet program? [five-step hypothesis test]
A production line operates with a filling mean weight of 20 pt. per container (not sure about the population standard deviation). Either overfilling or under-filling is a serious problem, and the production line should be shut down if either occurs. A quality control inspector samples 25 items every two hours and at that time makes the decision of whether to shut the line down for adjustment. If a sample mean of 22 pt. and a standard deviation of be 1 pt. was found, do you think it is overload (too much)? What action would you recommend with a 0.05 level of significance?
Step 1: Hypotheses, H0 and H1
Step 2: What is the level of significance? What test?
Step 3: Compute the test statistic
Step 4: Find the critical value from the table.
Step 5: What is your conclusion?
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
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Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
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If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
Comment on this tradeoff between equity also growth.Explain how would you go about resolving the matter if you were the president of a small poor county.
Suppose the two doctors play a one-shot game-which is, they interact only once also never Once more.
Compute the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
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