A producer of extruded plastic products finds that his mean daily inventory is 1,250 pieces. A new marketing policy has been put into effect and it is of interest to test that the mean daily inventory is still the same. A sample of daily inventories from eight randomly selected days give the following data. 1243 1240 1253 1249 1240 1256 1246 1260 Test at 1% significance level the hypothesis that the mean daily inventory remains unchanged despite the implementation of the new policy. Assume that the data are normally distributed.
A producer of extruded plastic products finds that his mean daily inventory is 1,250 pieces. A new marketing policy has been put into effect and it is of interest to test that the mean daily inventory is still the same. A sample of daily inventories from eight randomly selected days give the following data. 1243 1240 1253 1249 1240 1256 1246 1260 Test at 1% significance level the hypothesis that the mean daily inventory remains unchanged despite the implementation of the new policy. Assume that the data are normally distributed.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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