A large manufacturing plant has analyzed the amount of time required to produce an electrical part and determined that the times follow a normal distribution with mean time μ=45 hours. The production manager has developed a new procedure for producing the part. He believes that the new procedure will decrease the population mean amount of time required to produce the part. After training a group of production line workers, a random sample of 55 parts will be selected and the average amount of time required to produce the parts will be determined. If the switch is made to the new procedure, the cost to implement the new procedure will be more than offset by the savings in manpower required to produce the parts. Use the hypotheses: H0:μ≥45,H0:μ<45 Determine the p-value of the test statistic if the sample mean amount of time is x¯=43.118 hours with the sample standard deviation s=5.5hours. (If necessary, round your answers to four decimal places)
A large manufacturing plant has analyzed the amount of time required to produce an electrical part and determined that the times follow a
H0:μ≥45,H0:μ<45
Determine the p-value of the test statistic if the sample mean amount of time is x¯=43.118 hours with the sample standard deviation s=5.5hours. (If necessary, round your answers to four decimal places)
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