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"D" size batteries produced by MNM Corporation have had a life expectancy of 87 hours. Because of an improved production process, it is believed that there has been an increase in the life expectancy of its "D" size batteries. A sample of 36 batteries showed an average life of 88.5 hours. Assume from past information that it is known that the standard deviation of the population is 9 hours.
a.Formulate the hypotheses for this problem.
b.Compute the test statistic.
c.What is the p-value associated with the sample results? What is your conclusion based on the p-value? Let = .05.
Statute Of Limitations
is a law prescribing the time limit within which legal action must be commenced for alleged breaches of law or rights.
Parol Evidence Rule
A common law rule which states that oral evidence of an agreement made prior to or contemporaneously with a written agreement is inadmissible when the parties intend to have the written agreement be the complete and final version of their agreement.
Express Warranty
An explicit promise made by a seller about the quality or functionality of a product or service, forming part of the contract.
Warranty Of Trade Usage
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