An appliance manufacturer wants to contract with a repair shop to handle authorized repairs In Indianapolis. The company has set an acceptable range of repair time of 50 minutes to 90 minutes. Two firms have submitted bids for the work. In test trials, one firm had a mean repair time of 74 minutes with a standard deviation of 4.0 minutes and the other firm had a mean repair time of 72 minutes with a standard deviation of 5.1 minutes. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Firm 1 2 Cok Which firm would you choose? O Firm 1 O Firm 2 O None

An appliance manufacturer wants to contract with a repair shop to handle authorized repairs In Indianapolis. The company has set an acceptable range of repair time of 50 minutes to 90 minutes. Two firms have submitted bids for the work. In test trials, one firm had a mean repair time of 74 minutes with a standard deviation of 4.0 minutes and the other firm had a mean repair time of 72 minutes with a standard deviation of 5.1 minutes. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Firm 1 2 Cok Which firm would you choose? O Firm 1 O Firm 2 O None

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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