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Name: A manufacturer of extruded plastic products finds that its average dai
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Description: A manufacturer of extruded plastic products finds that its average daily inventory is 1,250 pieces. A new marketing policy comes into effect and it is desirable to test H0: the average daily inventory is still the same, indicates which alternative hy

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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A manufacturer of extruded plastic products finds that its average daily inventory is 1,250 pieces. A new marketing policy comes into effect and it is desirable to test H0: the average daily inventory is still the same, indicates which alternative hypothesis should be used if:

a. You want to know whether or not the new policy changes the average daily inventory.
b. It is desirable to demonstrate that the new policy actually reduces the average daily inventory.
c. The new policy should be retained as long as it cannot be shown that it actually increases daily inventory.

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