The Next Questions Are Based on the Following Information

question 14

Essay

The Next Questions Are Based On The Following Information:
The marketing department for a hand calculator claims the battery pack performs 20,000 calculations before it has to be recharged.The quality control manager for the manufacturer is entrusted with validating the claim that the battery pack works as long as the specifications state in order to secure a large order from a key customer.A test of 114 battery packs yields an average of 19,695 calculations with a standard deviation of 1,103.
-Calculate the appropriate test statistic and p-value.

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Definitions:

Liability

Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits.

Cash Flows

The inflows and outflows of cash and cash equivalents, reflecting the operational, investing, and financing activities of a business.

Wages and Salaries

Compensation paid to employees for their labor, including hourly pay (wages) and fixed annual or monthly pay (salaries).

Operating Activities

Operating activities involve the core business functions of a company, including production, distribution, and sales, determining cash flow from primary business operations.