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 TABLE 9-1 \text { TABLE 9-1 } Microsoft Excel Was Used on a Set of Data Involving

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 TABLE 9-1 \text { TABLE 9-1 }
Microsoft Excel was used on a set of data involving the number of parasites found on 46 Monarch butterflies captured in Pismo Beach State Park. A biologist wantsto know if the mean number of parasites per butterfly is over 20 . She will make her decision usinga test witha level of significance of 0.100.10 . The following informationwas extracted from the Microsoft Excel outputfor the sample of 46 Monarchbutterflies:

n=46; Arithmetic Mean =28.00; Standard Deviation =25.92; Standard Error =3.82; Null Hypothesis:H0:μ20.000;α=0.10;df=45;T Test Statistic=2.09; One-Tailed Test Upper Critical Value=1.3006; p-value=0.021; Decision = Reject.\begin{array}{llcc} \hline n=46 ; \text { Arithmetic Mean }=28.00 ; \text { Standard Deviation }=25.92 ; \text { Standard Error }=3.82 ; \\\text { Null Hypothesis:} H_{0}: \mu \leq 20.000 ; \alpha=0.10 ; d f=45 ; T \text { Test Statistic} = 2.09;\\\text { One-Tailed Test Upper Critical Value} =1.3006 ;\text { p-value} =0.021 ; \text { Decision = Reject.}\\\hline\end{array}


-Referring to Table 9-1, if these data were used to perform a two-tailed test, the p-value would be 0.042.

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Definitions:

Theory of Constraints

A management philosophy focusing on identifying and managing the most limiting factor (constraint) that stands in the way of achieving a goal.

Bottlenecks

Points of congestion in a production system where the workload arrives too quickly for the production process to handle, often leading to delays and lower efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Total Cost Concept

An accounting approach that includes all costs - direct and indirect - associated with producing a good or service.

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