2) The manufacturer of a certain brand of automobiles component claims that mean life of these component is 70 months. An independent agency wants to check this claim and took a randon sample of 40 components and found that the mean life for this sample is 67 months with a standard deviation of 5 months. At 5% LOS, can we conclude that the mean life of these component is less than 70 months?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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2) The manufacturer of a certain brand of automobiles component claims that mean life of these
component is 70 months. An independent agency wants to check this claim and took a random
sample of 40 components and found that the mean life for this sample is 67 months with a
standard deviation of 5 months. At 5% LOS, can we conclude that the mean life of these
component is less than 70 months?
Transcribed Image Text:2) The manufacturer of a certain brand of automobiles component claims that mean life of these component is 70 months. An independent agency wants to check this claim and took a random sample of 40 components and found that the mean life for this sample is 67 months with a standard deviation of 5 months. At 5% LOS, can we conclude that the mean life of these component is less than 70 months?
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