The Daily Production Rates for a Sample of Factory Workers

question 25

Essay

The daily production rates for a sample of factory workers before and after a training program are shown below. Let d = After - Before. We want to determine if the training program was effective.
a.Give the hypotheses for this problem.
b.Compute the test statistic.
c.At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates?

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Definitions:

Internal Control

A process designed to provide reasonable assurance regarding the achievement of objectives related to operations, reporting, and compliance.

Safeguards

Measures or controls put in place to protect against unauthorized access, damage, or theft.

Assets

Resources owned by a company that have economic value and can be used to meet liabilities.

Internal Auditors

Professionals who conduct audits within an organization to review and evaluate the adequacy of internal controls and compliance with policies and regulations.