Use the Data Given Below to Answer the Following Questions)

question 3

Essay

Use the data given below to answer the following questions).
The following extract from a manufacturer's database shows a sample of 10 suppliers, their transportation charges, and the estimated and actual total costs of supplying materials. Note: Assume a significance level of 0.05 wherever necessary.) $$\begin{array} { | l | c | c | c | } \hline \text { Supplier } & \begin{array} { c } \text { Transportation } \\\text { Charges }\end{array} & \begin{array} { c } \text { Estirnated Total } \\\text { Cost }\end{array} & \text { Actual Total Cost } \\\hline \text { Peter } & 340 & 4,500 & 4,680 \\\hline \text { Jdhry } & 560 & 4,500 & 4,790 \\\hline \text { Martin } & 480 & 4,500 & 5,110 \\\hline \text { Philip } & 290 & 4,500 & 4,780 \\\hline \text { Mark } & 370 & 4,500 & 4,810 \\\hline \text { Thomas } & 520 & 4,500 & 4,770 \\\hline \text { Jaison } & 350 & 4,500 & 5,250 \\\hline \text { David } & 430 & 4,500 & 4,930 \\\hline \text { Carter } & 510 & 4,500 & 5,010 \\\hline \text { Leonard } & 270 & 4,500 & 4,810 \\\hline\end{array}$$
-Conduct the appropriate type of one-sample test-statistic to determine whether the average transportation charge is less than $430. Apply a decision rule using the observed level of significance and draw a conclusion.

Understand the significance of data integrity and strategies to ensure it.

Distinguish between explicit and tacit knowledge.

Recognize the concept and importance of Big Data and its distinct characteristics.

Analyze the impact of investment decisions on a company's financial health.