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The management of the Delphi Corp. is considering a new method of assembling a carburetor assembly for racing cars. The present method requires an average of 24.0 minutes to assemble a carburetor. The average assembly time for a random sample of 25 carburetors, using the new method, was 20.0 minutes, and the standard deviation of the sample was 5 minutes. Using the .05 level of significance, can we conclude that the assembly time using the new method is faster? Using the hypothesis testing procedure:
State the alternate hypothesis. H1:
You would reject Ho if t is:
What is the calculated t value?
What is your statistical decision on H0?
suppose you are the owner-operator of a gas station in a small town. over the past 20 years you and your rival have
Bloom et al (2012) ‘The organization of firms across countries, Quarterly Journal of Economics) has found that delegation is more likely in firms that are located in countries in which the management can trust workers. Meagher and Wait (2015) have fo..
Suppose the demand curve for a product is given as Q = 10 – 2P + Po where P is the price of the product, Po is the price of another good, and Q is the quantity demanded. Assume the price of the other good is $2.00. a. Suppose P = $1.00. What is the p..
q.1. what factors are important in determining the length of the imitation lag and the length of the demand lag?
Suppose the price of pork, an input in the production of hot dogs, increases. Which of the following accurately describes how the hotdog market is affected?
Explain why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar.
Due to the global economic slowdown, we were benefiting from relatively low oil prices.
Explain why when using the expenditure method for determining GDP do we not include expenditure on intermediate goods, but when using the income method, we use the income of factors of production for both intermediate and final goods production?
q1. suppose you want a lump sum payment of 100000 three years from now. rounded to full dollars how many current
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Graph these functions and find the non-zero equilibrium. Prove that the equilibrium at (0,0) is not stable. Suppose that school inputs improve by one unit, from 10 to 11. What is the immediate impact on education (before health can adjust)? What is t..
This will be a real challenge, but it should be an interesting challenge. Much of the way we measure risk relies on probability distribution (the bell curve as shown on page 425). For many things in life, and business, this is perfectly valid, but fo..
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