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Mathematics, 20.02.2020 07:45 johnsonwhitney2

A producer of steel cables wants to know whether the steel cables it produces have an average breaking strength of 5000 pounds. An average breaking strength of less than 5000 pounds would not be adequate, and to produce steel cables with an average breaking strength in excess of 5000 pounds would unnecessarily increase production costs. The producer collects a random sample of 64 steel cable pieces. The breaking strength for each of these cable pieces is recorded in the file SteelCable. xlsx.

1. What is the standard error for this test (three decimal places)?

2. What is the value of the t-statistic for this test (three decimal places)?

3. What is the p-value for this test (four decimal places)?

4. What statistical conclusion can the producer reach regarding the average breaking strength of its steel cables at a 5% significance level?

Cable Breaking Strength
1 4919.00
2 5048.09
3 5482.85
4 5461.08
5 4583.24
6 4926.37
7 5460.99
8 5214.26
9 5286.32
10 4767.98
11 3931.76
12 5191.09
13 5453.64
14 4543.81
15 6060.19
16 6356.22
17 5306.83
18 4515.58
19 4713.03
20 4827.88
21 5873.37
22 4474.94
23 4659.81
24 5255.17
25 5216.45
26 5929.35
27 5258.75
28 4797.17
29 5060.31
30 4434.27
31 5359.47
32 5684.72
33 4959.64
34 4492.24
35 4407.15
36 4936.43
37 5928.43
38 5796.95
39 5470.01
40 5347.04
41 5245.09
42 4723.65
43 5077.84
44 5785.64
45 4390.91
46 5402.91
47 5101.36
48 5471.37
49 5823.75
50 6123.87
51 5168.42
52 4829.37
53 4870.35
54 4884.67
55 4822.61
56 5019.64
57 5560.57
58 5815.23
59 4922.61
60 4393.84
61 5500.39
62 4957.40
63 5258.44
64 5591.10

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