Zip, Inc. manufactures Zip drives on two different manufacturing processes. Because the management of this company is interested in determining if process 1 takes less manufacturing time, they selected independent samples from each process. The results of the samples are shown below.
a.State the null and alternative hypotheses.
b.Determine the degrees of freedom for the t test.
c.Compute the test statistic
d.At 95% confidence, test to determine if there is sufficient evidence to indicate that process 1 takes a significantly shorter time to manufacture the Zip drives.
Definitions:
Projection
An estimation or forecast of future outcomes based on current or past data.
HR Estimates
Approximations or forecasts concerning human resources needs, including staffing levels and budgeting for salaries or training.
Human Capital Flow
The change in the stock of human capital over time. Factors that affect the flow of human capital include terminations, promotions, lateral movements, and demotions.
Human Capital Stock
The collective skills, knowledge, and abilities possessed by an organization's workforce considered as an asset or investment.
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