Test level of significance whether they are meeting goal

Assignment Help Financial Management

Reference no: EM131459672

Question:

Your organization has a goal of 15 days for the average processing of a purchase request (PR) from notification to final approval. They are only concerned if it takes longer than 15 days. A sample of 25 PRs produced a mean of 15.5 days and a standard deviation of 1.5 days.

Test at the 10% level of significance whether they are meeting their goal. Select the correct answer out of each pair of choices. (Carry intermediate calculations to three decimal places)

Reference no: EM131459672

Questions Cloud

Explain how you would measure the risks : Identify the types of risks that are outlined in the scenario - Provide an explanation of the risks and Explain how you would measure the risks

Discuss the value of marketing communications : Discuss the value of marketing communications. Despite a number of valid criticisms, marketing communications provide socially important messages.

What is noise : What are the objectives of promotion? The objectives of promotion are to provide information to consumers and others, to increase demand.

Describe the main thoughts and ideas of augustine : What are the characteristics of early Christian art and music according to your text and from websites? What are the similarities among the buildings?

Test level of significance whether they are meeting goal : Test at the 10% level of significance whether they are meeting their goal. Select the correct answer out of each pair of choices.

Organizations in regard to structure and culture : How is the military similar to, or different from, other institutions and organizations in regard to structure and culture?

Manage listing of missionaries on staff at the organization : In this assignment, you are to design an application, which will manage a listing of missionaries on staff at the Organization Go and Tell.

Important issue in government organizations : Why might gender be particularly important issue in government organizations like the military?

Why is product differentiation important to marketers : Why is product differentiation important to marketers? Product differentiation, distinguishing a good or service from its competitors, is important to marketers

User Account

All Pages