A producer of extruded plastic products finds that his mean daily inventory is 1,250 pieces. A new
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A producer of extruded plastic products finds that his mean daily inventory is 1,250 pieces. A new marketing policy has been put into effect and it is desired to test the null hypothesis that the mean daily inventory is still the same. What alternative hypothesis should be used if
(a) it is desired to know whether or not the new policy changes the mean daily inventory;
(b) it is desired to demonstrate that the new policy actually reduces the mean daily inventory;
(c) the new policy will be retained so long as it cannot be shown that it actually increases the mean daily inventory?
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Related Book For
Probability And Statistics For Engineers
ISBN: 9780134435688
9th Global Edition
Authors: Richard Johnson, Irwin Miller, John Freund
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