If We Want to Conduct a One-Tail Test of a Population

question 66

Multiple Choice

If we want to conduct a one-tail test of a population proportion,we can employ:

• A) z-test of a population proportion.
• B) the chi-squared test of a binomial experiment since z² = \(\chi\)².
• C) the chi-squared test of a contingency table.
• D) Both a and b

---

Definitions:

Inventory Is Evil

A principle in lean manufacturing and just-in-time (JIT) production that highlights the drawbacks of holding excess inventory, including high costs and potential wastage.

Setup Cost

A financial amount charged for the initial work to configure, prepare, or adjust machinery or equipment for a production run.

Lot Size

The quantity of items that are processed, produced, ordered, or shipped as a batch.

Setup Costs

Expenses related to preparing or configuring equipment or machinery for a specific task or production cycle, aside from initial setup.