Examlex

Solved

Suppose That a Manufacturer Is Testing One of Its Machines 97%97 \%

question 183

Multiple Choice

Suppose that a manufacturer is testing one of its machines to make sure that the machine is producing more than 97%97 \% good parts (H0:p=0.97\left( \mathrm { H } _ { 0 } : p = 0.97 \right. and HA:p>0.97) \left. \mathrm { H } _ { \mathrm { A } } : p > 0.97 \right) . The test results in a PP -value of 0.1220.122 . Unknown to the manufacturer, the machine is actually producing 99%99 \% good parts. What probably happens as a result of the testing?


Definitions:

Intellectual Capital

The intangible value of a company's expertise, knowledge-based assets, and employee skills that provide competitive advantage.

Workforce

The group of individuals engaged in or available for work, either in a single company, industry, or geographical area.

Knowledge Management

The process of capturing, distributing, and effectively using knowledge within an organization to enhance its performance and competitiveness.

21st Century

A period extending from January 1, 2001, to December 31, 2100, characterized by significant advancements in technology, globalization, and challenges related to climate change and social inequalities.

Related Questions