An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressure of 4.34.3 pounds/square inch. It is believed that the valve performs above the specifications. The valve was tested on 280280 engines and the mean pressure was 4.44.4 pounds/square inch. Assume the variance is known to be 0.640.64. A level of significance of 0.050.05 will be used. Make a decision to reject or fail to reject the null hypothesis. Make a decision.
An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressure of 4.34.3 pounds/square inch. It is believed that the valve performs above the specifications. The valve was tested on 280280 engines and the mean pressure was 4.44.4 pounds/square inch. Assume the variance is known to be 0.640.64. A level of significance of 0.050.05 will be used. Make a decision to reject or fail to reject the null hypothesis. Make a decision.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressure of 4.34.3 pounds/square inch. It is believed that the valve performs above the specifications. The valve was tested on 280280 engines and the mean pressure was 4.44.4 pounds/square inch. Assume the variance is known to be 0.640.64. A level of significance of 0.050.05 will be used. Make a decision to reject or fail to reject the null hypothesis.
Make a decision.
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