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QUESTION 10 Assume that a process has a company- established specification for variation set at 4 minutes. Assume that a well-designed, well- implemented random sample of 150 process time measurements was collected. The mean time was 97.3 minutes, with a standard deviation of 4.77 minutes. Using the company established significance level of .07, is the process probably operating within its company-established specification? O Yes No There is insufficient information to answer this question All of the choices above None of the choices QUESTION 11 Continuing with the previous question ... based on the data collected from their sample, how confident should the company be that their process either is or is not operating within its specification for variation in the time required for the process? Approximately 99.95% confident Approximately 94.56% confident There is insufficient information to answer this question All of the choices above None of the choices

QUESTION 10 Assume that a process has a company- established specification for variation set at 4 minutes. Assume that a well-designed, well- implemented random sample of 150 process time measurements was collected. The mean time was 97.3 minutes, with a standard deviation of 4.77 minutes. Using the company established significance level of .07, is the process probably operating within its company-established specification? O Yes No There is insufficient information to answer this question All of the choices above None of the choices QUESTION 11 Continuing with the previous question ... based on the data collected from their sample, how confident should the company be that their process either is or is not operating within its specification for variation in the time required for the process? Approximately 99.95% confident Approximately 94.56% confident There is insufficient information to answer this question All of the choices above None of the choices

Practical Management Science
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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QUESTION 10 Assume that a process has a company- established specification for variation set at 4 minutes. Assume that a well-designed, well- implemented random sample of 150 process time measurements was collected. The mean time was 97.3 minutes, with a standard deviation of 4.77 minutes. Using the company established significance level of .07, is the process probably operating within its company-established specification? O Yes No There is insufficient information to answer this question O All of the choices above None of the choices QUESTION 11 Continuing with the previous question ... based on the data collected from their sample, how confident should the company be that their process either is or is not operating within its specification for variation in the time required for the process? Approximately 99.95% confident Approximately 94.56% confident There is insufficient information to answer this question All of the choices above None of the choices
Transcribed Image Text:QUESTION 10 Assume that a process has a company- established specification for variation set at 4 minutes. Assume that a well-designed, well- implemented random sample of 150 process time measurements was collected. The mean time was 97.3 minutes, with a standard deviation of 4.77 minutes. Using the company established significance level of .07, is the process probably operating within its company-established specification? O Yes No There is insufficient information to answer this question O All of the choices above None of the choices QUESTION 11 Continuing with the previous question ... based on the data collected from their sample, how confident should the company be that their process either is or is not operating within its specification for variation in the time required for the process? Approximately 99.95% confident Approximately 94.56% confident There is insufficient information to answer this question All of the choices above None of the choices
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