Maxforce, Inc., manufactures racquetball racquets by two different manufacturing processes (A and B). Because the management of this company is interested in estimating the difference between the average time it takes each process to produce a racquet, they selected independent samples from each process. The results of the samples and the population variances are shown below.
 Process A
Process B
Sample Size30
35
Sample Mean (in minutes)43
48
Population Variance (?2)64
70
?
a.Develop a 95% confidence interval estimate for the difference between the average time taken by the two processes.b.Is there conclusive evidence to prove that one process takes longer than the other? If yes, which process? Explain.

What will be an ideal response?


?

a.-8.98 to -1.02
b.Yes, because the range of the interval is from a negative to a negative value, it indicates that process B takes longer.


Business

You might also like to view...

Internal analysis in SWOT involves analyzing the possible opportunities and threats that can come from the market

Indicate whether the statement is true or false

Business

Which of the following is NOT a way to arouse curiosity or build suspense?

a. Pose a question b. Lie to your audience, but later tell them the truth c. Tell a story d. Provide a surprising fact

Business

During September, Genesis sold 100 radios for $50 each. Each radio cost Genesis $30 to purchase, and carried a two-year warranty. If 5% typically need to be replaced over the warranty period and one is actually replaced during September, for what amount in September would Genesis debit Product Warranty Expense?

a. $50 b. $150 c. $30 d. $120 e. $52.50

Business

The maximum amount of punitive damages recoverable for malicious violations of the Civil

Rights Act of 1964 depends on the number of employees in the business. Indicate whether the statement is true or false

Business