A Manufacturer of Power Tools Claims That the Average Amount

question 69

Short Answer

A manufacturer of power tools claims that the average amount of time required to assemble their top-of-the-line table saw is 80 minutes with a standard deviation of 40 minutes. Suppose a random sample of 64 purchasers of this table saw is taken. The mean of the sampling distribution of the sample mean is _____minutes.

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Definitions:

Annual Sales

The total revenue a company generates from its operations over a one-year period.

Supply Chains

Networks involving organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Supply Disruptions

Interruptions in the flow of goods or materials from suppliers that can lead to shortages and affect production or sales.

Exchange Rate Fluctuations

Variability in the value of one currency compared to another, affecting the cost of importing and exporting goods and services.