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The Manager of Ahmadi Corporation, Wants to Determine Whether or Not

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Essay

The manager of Ahmadi Corporation, wants to determine whether or not the type of work schedule for her employees has any effect on their productivity. She has selected 15 production employees at random and then randomly assigned 5 employees to each of the 3 proposed work schedules. The following table shows the units of production per week) under each of the work schedules.
Work Schedule Treatments)
 Schedule 1  Schedule 2  Schedule 3506075606575706555405840455755\begin{array} { c c c } \text { Schedule 1 } & \text { Schedule 2 } & \text { Schedule 3} \\50 & 60 & 75 \\60 & 65 & 75 \\70 & 65 & 55 \\40 & 58 & 40 \\45 & 57 & 55\end{array}
a. Compute the overall sample mean .
b. At 95% confidence, determine if there is a significant difference in the mean weekly units of production for the three types of work schedules.

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Definitions:

Coupon Rate

A bond’s interest payments per dollar of par value.

Expected Rate of Inflation

An estimate of the rate at which the general level of prices for goods and services will rise over a period.

Annual Real Rate

The annual rate of return on an investment, adjusted for inflation, indicating the real increase in the value of the investment over a year.

Inflation Rate

The pace at which prices for goods and services increase, leading to a decrease in purchasing power.

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