SCENARIO 9-6 The Quality Control Engineer for a Furniture Manufacturer Is Interested

question 105

Multiple Choice

SCENARIO 9-6
The quality control engineer for a furniture manufacturer is interested in the mean amount of force necessary to produce cracks in stressed oak furniture.She performs a two-tail test of the null hypothesis that the mean for the stressed oak furniture is 650.The calculated value of the Z test statistic is a positive number that leads to a p-value of 0.080 for the test.
-Referring to Scenario 9-6,suppose the engineer had decided that the alternative hypothesis to test was that the mean was less than 650.What would be the p-value of this one-tail test?

• A)0.040
• B)0.160
• C)0.840
• D)0.960

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Definitions:

Monopoly Firm

A single company or entity that has exclusive control over the production and sale of a particular product or service.

Profit Increase

An rise in the difference between a business's revenues and its expenses, indicating improved financial performance.

Profit-Maximizing Output

The level of production at which a company achieves its highest profit, balancing revenue against costs.

Same Price

A situation where different goods, services, or commodities are sold for an identical amount of money.