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Provide an Appropriate Response σ\sigma Or σ2\sigma ^ { 2 } , a Table Is Used to Find the Critical Values

question 104

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Provide an appropriate response.
-In constructing a confidence interval for σ\sigma or σ2\sigma ^ { 2 } , a table is used to find the critical values χL2\chi { } _ { L } ^ { 2 } and χR2\chi { } _ { R } ^ { 2 } for values of n101n \leq 101 . For larger values of n,χL2n , \chi { } _ { L } ^ { 2 } and χ2R\chi \frac { 2 } { R } can be approximated by using the following formula: χ2=12\chi ^ { 2 } = \frac { 1 } { 2 } [±zα/2+2k1]2\left[ \pm \mathrm { z } _ { \alpha / 2 } + \sqrt { 2 \mathrm { k } - 1 } \right] ^ { 2 } where k\mathrm { k } is the number of degrees of freedom and zα/2\mathrm { z } _ { \alpha / 2 } is the critical z\mathrm { z } score. Construct the 90%90 \% confidence interval for σ\sigma using the following sample data: a sample of size n=232n = 232 yields a mean weight of 154lb154 \mathrm { lb } and a standard deviation of 25.5lb25.5 \mathrm { lb } . Round the confidence interval limits to the nearest hundredth.


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Lot Sizes

The quantity of units produced, purchased, or sold in a single operation or transaction, often optimized for efficiency in production and inventory management.

Product Changes

Modifications or improvements made to a product’s design, specifications, or features to enhance its performance, appeal, or compliance with regulations.

JIT Partnerships

Collaborations between suppliers and manufacturers that follow Just-In-Time inventory principles to reduce waste and increase efficiency.

Competitive Bidding

A procurement process where suppliers submit their bids to win a contract, based on price and/or other criteria.

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