Business, 19.11.2019 04:31 amortegaa805

Acompany manufacturing computer chips finds that 8% of all chips manufactured are defective. management is concerned that employee inattention is partially responsible for the high defect rate. in an effort to decrease the percentage of defective chips, management decides to offer incentives to employees who have lower defect rates on their shifts. the incentive program is instituted for one month. if successful, the company will continue with the incentive program.
1) write the company's null and alternative hypotheses.
2) in this context describe a type l error and the impact such an error would have on the company.
3) in this context describe a type ii error and the impact such an error would have on the company.
4) based on the data they collected during the trial program, management found that a 95% confidence interval for the percentage of defective chips was (5.0%, 7.0%), what conclusion should management reach about the new incentive program? explain.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 02:20

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Answers: 2

Answer

Business, 22.06.2019 05:30

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited

Answers: 2

Answer

Business, 22.06.2019 06:30

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Answers: 1

Answer

Business, 22.06.2019 11:40

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.

Answers: 2

Answer

You know the right answer?

Acompany manufacturing computer chips finds that 8% of all chips manufactured are defective. managem...

Questions