An Army Depot That Overhauls Ground Mobile Radar Systems Is $P$

question 7

Multiple Choice

An army depot that overhauls ground mobile radar systems is interested in improving its processes. One problem involves troubleshooting a particular component that has a high failure rate after it has been repaired and reinstalled in the system. The shop floor supervisor believes that having standard work procedures in place will reduce the time required for troubleshooting this component. Time (in minutes) required troubleshooting this component without and with the standard work procedure is recorded for a sample of 19 employees. The $P$ -value associated with the calculated test statistic is $< 0.001$ . At $\alpha = 0.05$ , the correct conclusion is to

• A) reject the null hypothesis.
• B) fail to reject the null hypothesis.
• C) conclude that having standard work procedures in place reduces troubleshooting time for this component.
• D) Both \(\mathrm { A }\) and \(\mathrm { C }\).
• E) Both \(B\) and \(C\).

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Definitions:

Long-term Debt

Borrowings and financial obligations that are due for repayment beyond the period of one year.

Current Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its current assets by comparing its net sales to its current assets.

Accounts Receivable

Money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Inventory Management

The supervision of non-capitalized assets (inventory) and stock items, including ordering, storing, and utilizing a company's inventory.