TABLE 9-1 Microsoft Excel Was Used on a Set of Data Involving

question 149

Short Answer

TABLE 9-1
Microsoft Excel was used on a set of data involving the number of defective items found in a random sample of 46 cases of light bulbs produced during a morning shift at a plant. A manager wants to know if the mean number of defective bulbs per case is greater than 20 during the morning shift. She will make her decision using a test with a level of significance of 0.10. The following information was extracted from the Microsoft Excel output for the sample of 46 cases:

-Referring to Table 9-1, the lowest level of significance at which the null hypothesis can be rejected is ________.

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Definitions:

Comparative Advantage

The endowment of a person, enterprise, or nation to output a good or service at a diminished opportunity cost relative to rival entities.

Barriers to Trade

Measures that governments or public authorities introduce to restrict or prevent international trade.

Quota

A government-imposed trade restriction that limits the quantity or monetary value of goods that can be imported or exported during a specific time frame.

Domestic Producers

Companies or individuals that manufacture or produce goods within their own country, as opposed to importing them from abroad.