Business, 19.11.2019 04:31 amortegaa805

Acompany manufacturing computer chips finds that 8% of all chips manufactured are defective. management is concerned that employee inattention is partially responsible for the high defect rate. in an effort to decrease the percentage of defective chips, management decides to offer incentives to employees who have lower defect rates on their shifts. the incentive program is instituted for one month. if successful, the company will continue with the incentive program.
1) write the company's null and alternative hypotheses.
2) in this context describe a type l error and the impact such an error would have on the company.
3) in this context describe a type ii error and the impact such an error would have on the company.
4) based on the data they collected during the trial program, management found that a 95% confidence interval for the percentage of defective chips was (5.0%, 7.0%), what conclusion should management reach about the new incentive program? explain.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 16:00

Five times the sum of a number and 27 is greater then or equal to six times the of that number and 26. what is the solution set to this proportion?

Answers: 1

Answer

Business, 22.06.2019 05:10

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

Answers: 3

Answer

Business, 22.06.2019 11:40

Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program

Answers: 3

Answer

Business, 22.06.2019 11:40

If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.

Answers: 2

Answer

You know the right answer?

Acompany manufacturing computer chips finds that 8% of all chips manufactured are defective. managem...

Questions