A Mail-Order Business Prides Itself in Its Ability to Fill

question 136

Short Answer

A mail-order business prides itself in its ability to fill orders in less than six calendar days,on average.Periodically,the operations manager selects a random sample of customer orders and determines the number of days required to fill the orders.On one occasion when a sample of 39 orders was selected,the average number of days was 6.65 with a population standard deviation of 1.5 days.What is the critical value for α = .10 to test the hypothesis that the time to fill is less than 6 days?

---

Definitions:

Company's Risk

Refers to the inherent uncertainties and potential financial losses a company faces in the course of its operations.

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including Social Security and Medicare taxes, federal and state unemployment insurance.

Note Payable

A documented commitment to repay a certain sum of money, typically including interest, at a predetermined time in the future.

Cash Payment

This refers to a transaction where a payment for goods or services is made using cash or cash equivalents rather than credit.