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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Definitions:

Quarterly Dividend

A distribution of a portion of a company's earnings, declared by the board of directors, to shareholders on a quarterly basis.

Capital Gains Yield

The rise in the price of a security, expressed as a percentage, which results in a capital gain for the investor.

Common and Preferred Stock

Designations for equity investments, where common stockholders have voting rights and dividend variability, while preferred stockholders receive dividends at fixed rates and have priority over common stock in asset distribution.

Non-callable Debentures

Fixed-income securities that cannot be redeemed by the issuer before their specified maturity date.