This is for sample B only

DROWIUUM Calloway, Tyra O. Carden, Jeffrey T. Cooper-Williams, Kier Deel, Jacey 1. Echols, Emily Fenwick, Shawn R. Foster, Rebekah L. Gawdun, Jessica C. A B A C A D E B LISLE Jackson, Meredith A. Jenkins, Jerica P! Johnson, Kara E Kramer, Isabelle G. Kuhn, Amanda N. McNulty. Allison U. Meadows, LaTreena K. A A E D B C C VIVEGAGERETUR Okoye, Kevin U. Pollard, Madison S. Raybon, Katelyn D. Simon, Abigai J... Vet Teston, Jasmine A. Thurmond, Shermecia Woodby. Alyssa L. C B A B D E A Task You are Chief Financial Officer of Bolder Folder, a small manufacturing firm producing luxury manila folders for offices of pretention. You have been approached by an entrepreneur offering to license a production process which will substantially reduce your cost of production. You analyze the offer and conclude that to be worthwhile, the process must reduce the production cost to an average of less than $8.00 per case of folders. The entrepreneur offers a trial run producing a sample of 50 cases. Production costs of the 50 cases are summarized in the BolderFolder dataset in D2L. Write a memo to your CEO recommending whether or not to acquire the new production process. If you're unfamiliar with memo formats, you can find any number of them on the internet; just use something simple! Your memo should describe your data, present simple descriptive statistics and a histogram, and make use of confidence intervals to make a recommendation to your CEO. sure to explain your decision in terms which your CEO, who has minimal understanding of statistics, will understand while, at the same time, demonstrating to me your erudition with regards to confidence intervals! Be Evaluation Criteria I'll use the following criteria in evaluating your memo: Evaluation Criteria I'll use the following criteria in evaluating your memo: Did you use a memo format? Did you clearly state the question you are exploring? Did you describe your dataset, stating what it is and how you are using it? Did you present and discuss summary statistics? Did you choose a confidence level and accurately compute a confidence interval? Did you intelligently interpret your confidence interval? Did you make a well thought out recommendation? AutoSave Off Bolderfolder new - Protected View Search File Home Insert Page Layout Formulas Data Review View Help ACROBAT PROTECTED VIEW Be careful-Files from the Internet can contain vituses. Unless you need to edit, it's safe to stay in Protected View Enable Editing H3 G K Use the Dataset Assigned to You CLEARLY show your dataset letter in the title of you 7.15 Biles, Mollie R E Branham, Gabriel C Brown, Andrew J. B Calloway. Tyra o A Carden, Jeffrey B Cooper Williams A Deel Jacey Echols, Emily A Fenwick, Shawn F D Foster, Rebekah L E Gawdun, Jessica B Hammond, Jessica D Hendrix, Noah S B Holton, Annaston F E Jackson, Meredith A A Jenkins, Jerica P Johnson, Kara E E Kramer Isabelle G D Kuhn, Amanda N B McNulty, Allison Meadows, LaTreena + A D E F 1 Sample A Sample B Sample C Sample D Semple E Dr B's example 2 8.45 7.86 9.17 6.86 730 7.62 3 5.76 6.51 9.71 754 8.96 6.17 4 705 7.43 9.54 7.74 927 5 5.93 8.11 7.98 8.54 6.05 8.68 6 921 8.10 8.39 761 8.57 8.60 7 10.79 7.89 6.94 5.88 720 6.85 8 7.36 8.71 7.70 9.80 8.01 439 9 8.38 8.16 7.04 9.81 8,04 928 10 6.64 6.93 721 6.49 7.29 8.55 11 5.28 6.60 734 7.91 7.24 755 12 730 6.52 7 90 737 10.49 8.85 13 6.90 9.13 792 7.16 750 6.66 14 8.72 794 7.87 6.44 7.99 581 15 7.22 8.15 5.62 10 20 6.00 7.78 16 8.08 8.41 9.19 7.48 5.75 8.79 17 8.69 8.89 673 7.27 7.67 7.08 18 7.76 6.30 7.83 6.83 9.67 796 19 7.17 958 7.01 8.32 10.30 20 724 6.94 8 30 6.72 8.71 21 8.37 7.42 704 6.44 8.74 22 10.18 8.54 7.99 8.62 8.56 23 7.16 768 8.60 703 7.61 720 24 9.11 766 10.00 5.31 881 6.76 25 6.59 6.17 7.85 621 8.29 7.49 26 7.63 9 32 8.31 4.78 9.91 5.18 27 725 8.31 8.50 774 7:37 9 20 28 6.46 9.17 8.01 7.95 7.41 6.31 29 624 6.53 7.99 8.40 6.74 8 25 30 8.68 7.47 6.68 721 7.29 10 27 9.93 31 782 8.17 9.04 7 37 838 837 32 7.63 9.52 6.97 7.63 8.75 33 8.61 7.63 8.67 8.31 8.73 708 7.69 34 7.23 7.72 820 5.52 9.49 35 7.50 601 740 7.35 841 7.11 605 8.15 9.99 993 8.02 5.92 38 833 37 705 9.28 6.83 732 532 10:43 38 767 7.13 8.44 813 BBC 7:41 812 39 9.53 9.29 8.99 8.07 509 804 40 374 41 652 702 799 6.98 8.80 CWC cost samples 6.40 7.80 7.19 842 402 9.50 7.75 955 15 om the the nel can contain viruses. Unless you need to edit it's safer to stay in Protected View Enable Editing H3 c F G K 8.42 7.20 6.76 7.49 22 10.18 23 7.16 24 9.11 25 6.59 26 7.63 27 7.25 28 6.46 29 6.24 30 8.68 31 7.82 32 7.63 33 8.61 34 723 35 7.50 36 8.15 37 8.33 38 7.67 39 9.53 40 8.99 41 7.99 42 9.60 43 8.39 44 8.84 45 7.07 46 8.23 47 5.89 48 7.50 49 8.82 6.93 51 8.70 52 53 54 55 56 57 58 59 60 61 82 B 8.54 7.68 7.66 6.17 9.32 8.31 9.17 6.53 7.47 8.17 9.52 7.63 7.69 7.40 9.93 7.05 8.44 7.75 9.29 6.74 8.52 8.43 7.31 7.18 8.50 9.13 928 8.42 9.95 760 7.99 8.60 10.00 7.85 8.31 8.50 8.01 7.99 6.66 8.38 7.63 8.73 7.72 735 6.65 6.83 7.13 7.41 8.07 7.02 7.37 5.95 7.17 5.69 8.17 8.21 7.08 7.30 7.20 724 D 8.62 7.03 5.31 6.21 4.78 7.74 7.95 8.40 7.21 7.37 6.97 8.31 8.20 8.41 8.02 9.28 9.50 6.13 9.55 8.60 7.30 8.58 8.01 8.02 4.96 7.91 9.38 E 8.56 7.61 8.81 8.29 9.91 7 37 7.41 6.74 7.29 9.04 8.37 7.08 9.49 7.11 5.92 7.32 5.32 8.81 8.04 6.52 7.74 6.35 6.29 9.24 5.93 721 6.51 7.14 8.37 806 6.18 9.26 6.31 8.25 10.27 9.93 8.75 8.67 5,52 6.01 9.99 4.02 10.43 8.12 5.09 6.98 7.39 8.47 9.54 8.35 8.74 8.51 8.45 7.16 7.40 5.75 . 6.96 50 5.69 9.02 template CWC cost samples Home Insert Page Layout Formulas Data Review View Help ACROBAT PROTECTED VIEW Bewe-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing X -COUNT(A1:A300) B F G N MGNT/HUSV 3341 Confidence interval Template Enter Desired confidence Level Number of Cases Mean Median Minimum Maxim StdDe Margin of Eror Bottom of Confidence interval Top of Conticence interval 0 NOVO! NNUMI 000 0.00 NOIVIOI #DIV/01 DIV/01 DIV 3 9 10 11 12 13 14 15 16 17 10 19 20 21 > 23 24 25 26 27 20 29 30 31 32 33 34 35 97 38 19 40 41 42 44 DROWIUUM Calloway, Tyra O. Carden, Jeffrey T. Cooper-Williams, Kier Deel, Jacey 1. Echols, Emily Fenwick, Shawn R. Foster, Rebekah L. Gawdun, Jessica C. A B A C A D E B LISLE Jackson, Meredith A. Jenkins, Jerica P! Johnson, Kara E Kramer, Isabelle G. Kuhn, Amanda N. McNulty. Allison U. Meadows, LaTreena K. A A E D B C C VIVEGAGERETUR Okoye, Kevin U. Pollard, Madison S. Raybon, Katelyn D. Simon, Abigai J... Vet Teston, Jasmine A. Thurmond, Shermecia Woodby. Alyssa L. C B A B D E A Task You are Chief Financial Officer of Bolder Folder, a small manufacturing firm producing luxury manila folders for offices of pretention. You have been approached by an entrepreneur offering to license a production process which will substantially reduce your cost of production. You analyze the offer and conclude that to be worthwhile, the process must reduce the production cost to an average of less than $8.00 per case of folders. The entrepreneur offers a trial run producing a sample of 50 cases. Production costs of the 50 cases are summarized in the BolderFolder dataset in D2L. Write a memo to your CEO recommending whether or not to acquire the new production process. If you're unfamiliar with memo formats, you can find any number of them on the internet; just use something simple! Your memo should describe your data, present simple descriptive statistics and a histogram, and make use of confidence intervals to make a recommendation to your CEO. sure to explain your decision in terms which your CEO, who has minimal understanding of statistics, will understand while, at the same time, demonstrating to me your erudition with regards to confidence intervals! Be Evaluation Criteria I'll use the following criteria in evaluating your memo: Evaluation Criteria I'll use the following criteria in evaluating your memo: Did you use a memo format? Did you clearly state the question you are exploring? Did you describe your dataset, stating what it is and how you are using it? Did you present and discuss summary statistics? Did you choose a confidence level and accurately compute a confidence interval? Did you intelligently interpret your confidence interval? Did you make a well thought out recommendation? AutoSave Off Bolderfolder new - Protected View Search File Home Insert Page Layout Formulas Data Review View Help ACROBAT PROTECTED VIEW Be careful-Files from the Internet can contain vituses. Unless you need to edit, it's safe to stay in Protected View Enable Editing H3 G K Use the Dataset Assigned to You CLEARLY show your dataset letter in the title of you 7.15 Biles, Mollie R E Branham, Gabriel C Brown, Andrew J. B Calloway. Tyra o A Carden, Jeffrey B Cooper Williams A Deel Jacey Echols, Emily A Fenwick, Shawn F D Foster, Rebekah L E Gawdun, Jessica B Hammond, Jessica D Hendrix, Noah S B Holton, Annaston F E Jackson, Meredith A A Jenkins, Jerica P Johnson, Kara E E Kramer Isabelle G D Kuhn, Amanda N B McNulty, Allison Meadows, LaTreena + A D E F 1 Sample A Sample B Sample C Sample D Semple E Dr B's example 2 8.45 7.86 9.17 6.86 730 7.62 3 5.76 6.51 9.71 754 8.96 6.17 4 705 7.43 9.54 7.74 927 5 5.93 8.11 7.98 8.54 6.05 8.68 6 921 8.10 8.39 761 8.57 8.60 7 10.79 7.89 6.94 5.88 720 6.85 8 7.36 8.71 7.70 9.80 8.01 439 9 8.38 8.16 7.04 9.81 8,04 928 10 6.64 6.93 721 6.49 7.29 8.55 11 5.28 6.60 734 7.91 7.24 755 12 730 6.52 7 90 737 10.49 8.85 13 6.90 9.13 792 7.16 750 6.66 14 8.72 794 7.87 6.44 7.99 581 15 7.22 8.15 5.62 10 20 6.00 7.78 16 8.08 8.41 9.19 7.48 5.75 8.79 17 8.69 8.89 673 7.27 7.67 7.08 18 7.76 6.30 7.83 6.83 9.67 796 19 7.17 958 7.01 8.32 10.30 20 724 6.94 8 30 6.72 8.71 21 8.37 7.42 704 6.44 8.74 22 10.18 8.54 7.99 8.62 8.56 23 7.16 768 8.60 703 7.61 720 24 9.11 766 10.00 5.31 881 6.76 25 6.59 6.17 7.85 621 8.29 7.49 26 7.63 9 32 8.31 4.78 9.91 5.18 27 725 8.31 8.50 774 7:37 9 20 28 6.46 9.17 8.01 7.95 7.41 6.31 29 624 6.53 7.99 8.40 6.74 8 25 30 8.68 7.47 6.68 721 7.29 10 27 9.93 31 782 8.17 9.04 7 37 838 837 32 7.63 9.52 6.97 7.63 8.75 33 8.61 7.63 8.67 8.31 8.73 708 7.69 34 7.23 7.72 820 5.52 9.49 35 7.50 601 740 7.35 841 7.11 605 8.15 9.99 993 8.02 5.92 38 833 37 705 9.28 6.83 732 532 10:43 38 767 7.13 8.44 813 BBC 7:41 812 39 9.53 9.29 8.99 8.07 509 804 40 374 41 652 702 799 6.98 8.80 CWC cost samples 6.40 7.80 7.19 842 402 9.50 7.75 955 15 om the the nel can contain viruses. Unless you need to edit it's safer to stay in Protected View Enable Editing H3 c F G K 8.42 7.20 6.76 7.49 22 10.18 23 7.16 24 9.11 25 6.59 26 7.63 27 7.25 28 6.46 29 6.24 30 8.68 31 7.82 32 7.63 33 8.61 34 723 35 7.50 36 8.15 37 8.33 38 7.67 39 9.53 40 8.99 41 7.99 42 9.60 43 8.39 44 8.84 45 7.07 46 8.23 47 5.89 48 7.50 49 8.82 6.93 51 8.70 52 53 54 55 56 57 58 59 60 61 82 B 8.54 7.68 7.66 6.17 9.32 8.31 9.17 6.53 7.47 8.17 9.52 7.63 7.69 7.40 9.93 7.05 8.44 7.75 9.29 6.74 8.52 8.43 7.31 7.18 8.50 9.13 928 8.42 9.95 760 7.99 8.60 10.00 7.85 8.31 8.50 8.01 7.99 6.66 8.38 7.63 8.73 7.72 735 6.65 6.83 7.13 7.41 8.07 7.02 7.37 5.95 7.17 5.69 8.17 8.21 7.08 7.30 7.20 724 D 8.62 7.03 5.31 6.21 4.78 7.74 7.95 8.40 7.21 7.37 6.97 8.31 8.20 8.41 8.02 9.28 9.50 6.13 9.55 8.60 7.30 8.58 8.01 8.02 4.96 7.91 9.38 E 8.56 7.61 8.81 8.29 9.91 7 37 7.41 6.74 7.29 9.04 8.37 7.08 9.49 7.11 5.92 7.32 5.32 8.81 8.04 6.52 7.74 6.35 6.29 9.24 5.93 721 6.51 7.14 8.37 806 6.18 9.26 6.31 8.25 10.27 9.93 8.75 8.67 5,52 6.01 9.99 4.02 10.43 8.12 5.09 6.98 7.39 8.47 9.54 8.35 8.74 8.51 8.45 7.16 7.40 5.75 . 6.96 50 5.69 9.02 template CWC cost samples Home Insert Page Layout Formulas Data Review View Help ACROBAT PROTECTED VIEW Bewe-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing X -COUNT(A1:A300) B F G N MGNT/HUSV 3341 Confidence interval Template Enter Desired confidence Level Number of Cases Mean Median Minimum Maxim StdDe Margin of Eror Bottom of Confidence interval Top of Conticence interval 0 NOVO! NNUMI 000 0.00 NOIVIOI #DIV/01 DIV/01 DIV 3 9 10 11 12 13 14 15 16 17 10 19 20 21 > 23 24 25 26 27 20 29 30 31 32 33 34 35 97 38 19 40 41 42 44