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TABLE 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 Table 9-1, the null hypothesis would be rejected if a 1% probability of committing a Type I error is allowed.
Duty to Be Careful
An obligation to act with a reasonable level of care and caution to avoid harm to others or their property.
Business Interruption
An event that causes significant disruption to the normal operations of a business, potentially leading to financial loss.
Tort
A wrongful act or infringement of a right leading to civil legal liability, not arising from a contract.
Umbrella Insurance
A type of extra liability insurance that provides additional coverage beyond the limits of the insured's homeowners, auto, or watercraft insurance policies.
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