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A corporation wishes to evaluate the effectiveness of a new employee training program.Workers on two independent assembly lines are monitored, and the amount of time (in minutes) to complete a standardized assembly procedure is recorded for each.The distribution of assembly times is known to be heavily left-skewed.Based on the given sample information, does it appear that the training program is associated with a reduced median assembly time? Use the Wilcoxon rank-sum test to make your decision.Select the correct critical value (CV) , test statistic (TS) , and decision.(Use α = 0.05.)
Cost Of Goods Sold
The immediate expenses directly related to the manufacture of products a company sells, such as raw materials and workforce costs.
Finished Goods Inventory
The stock of completed products that are ready to be sold.
Work In Process Account
An account used to track the costs associated with goods that are partially completed in the manufacturing process.
Manufacturing Costs
Expenses related to the production of goods, including labor, materials, and overhead costs.
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