A lathe is set to cut bars of steel into lengths of 6 centimeters. The lathe is considered to be in perfect adjustment if the average length of the bars it cuts is 6 centimeters. A sample of 121 bars is selected randomly and measured. It is determined that the average length of the bars in the sample is 6.08 centimeters with a standard deviation of 0.44 centimeters. Compute the p-value for testing whether the population mean is larger than 6 centimeters. NOTE: WRITE YOUR ANSWER WITH 4 DECIMAL DIGITS. DO NOT ROUND UP OR DOWN.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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A lathe is set to cut bars of steel into lengths of 6 centimeters. The lathe is considered to be in perfect adjustment if the average length of the bars it cuts is 6 centimeters. A sample of 121 bars is selected randomly and measured. It is determined that the average length of the bars in the sample is 6.08 centimeters with a standard deviation of 0.44 centimeters. Compute the p-value for testing whether the population mean is larger than 6 centimeters.

NOTE: WRITE YOUR ANSWER WITH 4 DECIMAL DIGITS. DO NOT ROUND UP OR DOWN.

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