A biotechnology company produces a therapeutic drug whose concentration has a standard deviation of 4 grams per liter. A new method of producing this drug has been proposed, although some additional cost is involved. Management will authorize a change in production technique only if the standard deviation of the concentration in the new process is less than 4 grams per liter. The researchers chose n = 10 and obtained the following data in grams per liter. Perform the necessary analysis to determine whether a change in production technique should be implemented. Assume the data follow a normal distribution 16.628 16.630 16.631 16.622 16.627 16.624 16.623 16.622 16.618 16.626 I 1) The parameter of interest is the standard deviation of the concentration, o. 2) H₂; o² = 4² 3) HL: 0¹<42 The test statistic is: alculate the P-value

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A biotechnology company produces a therapeutic drug whose concentration has a standard
deviation of 4 grams per liter. A new method of producing this drug has been proposed, although
some additional cost is involved. Management will authorize a change in production technique
only if the standard deviation of the concentration in the new process is less than 4 grams per
liter. The researchers chose n = 10 and obtained the following data in
grams per liter. Perform
the necessary analysis to determine whether a change in production technique should be
implemented. Assume the data follow a normal distribution
16.628
16.630
16.622
16.631
16.627
16.624
16.623
16.622
16.618
16.626
I
1) The parameter of interest is the standard deviation of the concentration, o.
2) H₂:0²=4²
3) H: 0¹<42
The test statistic is:
calculate the P-value
Transcribed Image Text:A biotechnology company produces a therapeutic drug whose concentration has a standard deviation of 4 grams per liter. A new method of producing this drug has been proposed, although some additional cost is involved. Management will authorize a change in production technique only if the standard deviation of the concentration in the new process is less than 4 grams per liter. The researchers chose n = 10 and obtained the following data in grams per liter. Perform the necessary analysis to determine whether a change in production technique should be implemented. Assume the data follow a normal distribution 16.628 16.630 16.622 16.631 16.627 16.624 16.623 16.622 16.618 16.626 I 1) The parameter of interest is the standard deviation of the concentration, o. 2) H₂:0²=4² 3) H: 0¹<42 The test statistic is: calculate the P-value
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