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

question 80

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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 greater than 650.Then if the test is performed with a level of significance of 0.05,the null hypothesis would be rejected.

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Definitions:

Par Value

The face value of a stock or bond as designated by the issuer, which has little relation to its market value but is important for accounting purposes.

Investing Activities

Financial activities related to the acquisition or sale of long-term assets and investments.

Bonds Payable

Long-term debt securities issued by a corporation or government entity, promising to pay the holder a specified amount of interest over a specified period and to repay the principal at maturity.

Net Cash

The amount of cash after subtracting cash outflows from cash inflows.

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