Question

Refer to Exercise 11.46. A financial analyst has determined that a 2-minute reduction in the average break would increase productivity. As a result the company would hate to lose this opportunity.
Calculate the probability of erroneously concluding that the renovation would not be successful when the average break is 30 minutes. If this probability is high, describe how it can be reduced.



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  • CreatedFebruary 03, 2015
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