SCENARIO 9-6 the Quality Control Engineer for a Furniture Manufacturer

question 89

Multiple Choice

SCENARIO 9-6 The quality control engineer for a furniture manufacturer is interested in the mean amount of force in pounds 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 pounds.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 pounds.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:

Marginal Product of Labor

This refers to the additional output a firm gains from hiring one more unit of labor, holding all other factors constant.

Surplus

Surplus refers to the situation where the quantity of a product or service supplied in a market exceeds the quantity demanded at the current price.

Compensating Differentials

Wage differentials that compensate workers for the job attributes, such as difficulty or undesirable conditions.

Salary

Regular payment from an employer to an employee, typically expressed on an annual basis but paid monthly or biweekly.