Suppose that in Problem 9.14, the standard deviation is 500 hours. a. Repeat (a) through (d) of
Question:
Suppose that in Problem 9.14, the standard deviation is 500 hours.
a. Repeat (a) through (d) of Problem 9.14, assuming a standard deviation of 500 hours.
b. Compare the results of (a) to those of Problem 9.14.
In Problem
The quality-control manager at a light emitting diode (LED) factory needs to determine whether the mean life of a large shipment of LEDs is equal to 50,000 hours. The population standard deviation is 1,500 hours. A random sample of 64 LEDs indicates a sample mean life of 49,875 hours.
a. At the 0.05 level of significance, is there evidence that the mean life is different from 50,000 hours?
b. Compute the p-value and interpret its meaning.
c. Construct a 95% confidence interval estimate of the population mean life of the LEDs.
d. Compare the results of (a) and (c). What conclusions do you reach?
Step by Step Answer:
Basic Business Statistics Concepts And Applications
ISBN: 9780134684840
14th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan