An entrepreneur ensures his client that his company is able to produce more than 1500 medical-grade PPEs per day at a very economical price. His client decides to hire a PI (i.e., a private investigator) to see if the claim is valid. The PI monitored the company's output and saw an average production rate of 1499.387 for 365 days with a standard deviation of 5. 1.What is the alternative hypothesis? 2. When do we need to reject the null hypothesis? 3. What type of test will be used? 4. What is the critical value at α = 0.01? 5. What is the calculated z-score? Round off your answer to 4 decimal places. 6. What is the conclusion?
An entrepreneur ensures his client that his company is able to produce more than 1500 medical-grade PPEs per day at a very economical price. His client decides to hire a PI (i.e., a private investigator) to see if the claim is valid. The PI monitored the company's output and saw an average production rate of 1499.387 for 365 days with a standard deviation of 5. 1.What is the alternative hypothesis? 2. When do we need to reject the null hypothesis? 3. What type of test will be used? 4. What is the critical value at α = 0.01? 5. What is the calculated z-score? Round off your answer to 4 decimal places. 6. What is the conclusion?
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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An entrepreneur ensures his client that his company is able to produce more than 1500 medical-grade PPEs per day at a very economical price. His client decides to hire a PI (i.e., a private investigator) to see if the claim is valid. The PI monitored the company's output and saw an average production rate of 1499.387 for 365 days with a standard deviation of 5.
1.What is the alternative hypothesis?
2. When do we need to reject the null hypothesis?
3. What type of test will be used?
4. What is the critical value at α = 0.01?
5. What is the calculated z-score? Round off your answer to 4 decimal places.
6. What is the conclusion?
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