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A One-Tail Test of the Population Proportion Produces a Test

question 95

True/False

A one-tail test of the population proportion produces a test statistic z = -2.12. The p-value of the test is 0.034.


Definitions:

TPS

An acronym for Toyota Production System, a methodology that aims to increase efficiency by eliminating waste and improving production processes.

Inventory

The total amount of goods and materials held by a company at a given time, including raw materials, work-in-progress, and finished goods.

JIT Scheduling Tactics

Just-In-Time scheduling strategies that aim to improve manufacturing and inventory efficiency by receiving goods only as they are needed in the production process, reducing waste.

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