TABLE 12-16 A Filling Machine at a Local Soft Drinks Company Is

question 161

Essay

TABLE 12-16
A filling machine at a local soft drinks company is calibrated to fill the cans at a mean amount of 12 fluid ounces and a standard deviation of 0.5 ounces. The company wants to test whether the standard deviation of the amount filled by the machine is 0.5 ounces. A random sample of 15 cans filled by the machine reveals a standard deviation of 0.67 ounces.
-Referring to Table 12-16, what are the lower and upper critical values of the test when allowing for 5% probability of committing a type I error?

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Definitions:

Pitch Deck

A presentation composed of slides that is used to convince potential investors or partners about the value and potential of a business idea or venture.

TAM (Total Available Market)

Refers to the total market demand for a product or service, representing the maximum amount of revenue a business can potentially generate by selling their product or service in a specific market.

SAM (Serviceable Available Market)

Refers to the segment of the TAM (Total Available Market) that your product or service can reach and serve.

SOM (Share Of Market)

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.