SCENARIO 9-1 Microsoft Excel Was Used on a Set of Data Involving

question 164

True/False

SCENARIO 9-1
Microsoft Excel was used on a set of data involving the number of defective items found in a random sample of 46 cases of light bulbs produced during a morning shift at a plant.A manager wants to know if the mean number of defective bulbs per case is greater than 20 during the morning shift.She will make her decision using a test with a level of significance of 0.10.The following information was extracted from the Microsoft Excel output for the sample of 46 cases:

-Referring to Scenario 9-1,the manager can conclude that there is sufficient evidence to show that the mean number of defective bulbs per case is greater than 20 during the morning shift using a level of significance of 0.10.

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Migration

The movement of people from one area to another, either within a country or across borders, for the purpose of settling temporarily or permanently in a new location.

Wage Rate

The amount of compensation paid to an employee per unit of time or per task completed.

Wage Rate

The standard amount of pay given for work performed, typically expressed as an hourly rate or annual salary.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way.