In Testing the Hypotheses:
H₀: P₁ - P₂ = 0 $\neq$

question 9

Essay

In testing the hypotheses:
H₀: p₁ - p₂ = 0.10
H₁ : p₁ - p₂ ? $\neq$ 0.10,
we find the following statistics:
n₁ = 150, x₁ = 72.
n₂ = 175, x₂ = 70.
a. Estimate with 95% confidence the difference between the two population proportions.
b. Explain how to use the confidence interval in part a. to test the hypotheses.

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Definitions:

Production Scheduling

The process of planning and organizing production tasks and activities to efficiently use resources, meet delivery deadlines, and achieve operational goals.

Planning Horizon

The future time period over which planning and decision-making activities are made, often varying in length depending on the strategic or operational focus.

Inventory

A list or record of items, usually tangible assets, held by an organization for sale or production purposes, indicating quantity and sometimes value.

Backlog

The accumulation of unfinished work or orders not yet processed, often indicating a delay in production or delivery.