THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 29

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A trap and skeet shooting club,purchases clay pigeons.These are quite fragile and often break in the box during shipment without any outward sign of damage.Even as the clay pigeons are loaded into the throwing machine,broken or cracked clay pigeons may not be noticed.Each clay pigeon broken is a net loss to the club so the club is anxious to purchase from suppliers who have a record of little or no breakage in shipping and handling.Two suppliers of clay pigeons are contacted and asked for price quotes.Supplier 1 quotes a higher price than Supplier 2 but says that the higher price is the result of better,more expensive packaging and thus results in more usable clay pigeons per case.The shooting club manager decides to purchase 10 cases from each supplier.Each case has 250 clay pigeons.Careful records are maintained on each case as to the number of good clay pigeons.The records after the cases were used are as follows:
Number of good clay pigeons

-Using results of Excel or Minitab to conduct a two-sample t-test,test
H₀ : μ₁ - μ₂ ≤ 0 vs.H₁ : μ₁ - μ₂ > 0 at the 5% significance level.

---

Definitions:

Checks and Balances

A system in which different parts of an organization or government have powers that affect and control the other parts, ensuring no single part can become too powerful.

President's Veto

The power of the President to refuse approval of a bill or joint resolution and thus prevent its enactment into law.

Coupon Rate

The yearly percentage rate of interest that is paid on a bond, relative to its nominal value.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, accounting for its current market price, face value, interest rate, and time to maturity.