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Your factory’s inventory level was determined at 12 randomly selected times last year, with the following results: 313, 891, 153, 387, 584, 162, 742, 684, 277, 271, 285, 845.
Find the typical inventory level throughout the whole year, using the standard statistical summary.
Identify the population.
Find the 95% confidence interval for the population mean inventory level.
Is the average of the measured inventory levels significantly different from 500, which is the number used for management budgeting purposes? Please find the hypotheses H0 and Ha and justify your answer using a t test.
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Reports should cover some very specific information relating to the general subject matter of the course and to the subject area of the individual class session. Narrative information of the subject being covered (the story). Quantitative information..
If Tall Paul can earn 6.5% on comparable bonds, what value would he place on bonds issued by the Bieg Company that have an 5.25% coupon rate, semi-annual payments, $1,000 face value, and 10 years to maturity?
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