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TABLE 9-4
A drug company is considering marketing a new local anesthetic. The effective time of the anesthetic the drug company is currently producing has a normal distribution with an mean of 7.4 minutes with a standard deviation of 1.2 minutes. The chemistry of the new anesthetic is such that the effective time should be normally distributed with the same standard deviation, but the mean effective time may be lower. If it is lower, the drug company will market the new anesthetic; otherwise, they will continue to produce the older one. A sample of size 36 results in a sample mean of 7.1. A hypothesis test will be done to help make the decision.
-Referring to Table 9-4, if the level of significance had been chosen as 0.05, the company would market the new anesthetic.
Featherbedding
A labor practice where unions require employers to hire more workers than necessary for a particular task, often to protect jobs.
Single Unionism
A labor relations approach where only one union represents all workers within a workplace or industry, which aims to streamline negotiation processes and reduce inter-union competition.
Single Occupation
A specific job or profession characterized by a unique set of skills or qualifications, often within a wider industry or sector.
Representation Model
A framework in labor relations where employees choose individuals or groups, such as unions, to negotiate and communicate with employers on their behalf.
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