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There are different approaches to fitness training. To judge which one of two approaches is better, 200 25-year-old men were randomly selected to participate in an experiment. For four weeks, 100 men were trained according to approach 1 while the other 100 men were trained according to approach 2. The percentage improvement in fitness was measured for each man and the statistics shown below were computed. The percentage figures are known to be normally distributed. a. Estimate with 95% confidence the mean percentage improvement with approach 2.
b. Do these results allow us to conclude at the 5% significance level that the mean percentage improvement with approach 1 is at least 25%?
Capacity Analysis
Calculating the production capacity an organization needs to fulfill the dynamic demands for its products.
Time-Driven
A method or approach that bases calculations, actions, or operations on the passage of time, often used in costing and scheduling.
Activity-Based Costing
A costing method that allocates overhead costs based on each product's activities or consumption rather than a standard rate.
Capacity Analysis
The act of determining the amount of production capability needed by an organization to meet its products' shifting demands.
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