Question

An industrial waste treatment process guarantees that it will last, on the average, 3 years with...

An industrial waste treatment process guarantees that it will last, on the average, 3 years with a standard deviation of 1 year. If five of these treatment processes treat the same waste and demonstrate lifetimes of 1.9, 2.4, 3.0, 3.5, and 4.2 years, is the manufacturer still convinced that the lifetime of the treatment process has a standard deviation of 1 year? Assume that the treatment process lifetime follows a normal distribution.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The last four years of returns for a share are as​ follows: Year 1 2 3...
The last four years of returns for a share are as​ follows: Year 1 2 3 4 Return −4.4​% 28.5​% 12.1​% 4.2​% a. What is the average annual​ return? b. What is the variance of the​ share's returns? c. What is the standard deviation of the​ share's returns? ​Note: Enter your answers for the average return and standard deviation as percentages. For the​ variance, enter your answer as a decimal number. a. The average return is .................... ​%. ​(Enter your...
The last four years of returns for a stock are as​ follows: Year 1 2 3...
The last four years of returns for a stock are as​ follows: Year 1 2 3 4 Return -4.3​% 27.9​% 12.5​% 4.2​% a. What is the average annual​ return? b. What is the variance of the​ stock's returns? c. What is the standard deviation of the​ stock's returns?
The last four years of returns for a stock are as follows: 1 2 3 4...
The last four years of returns for a stock are as follows: 1 2 3 4    -3.5%      +28.5%      +12.5%      +4.5%   (a) What is the average annual return? Answer%. (Round to two decimal places.) (b) What is the variance of the stock's returns? Answer. (Round to five decimal places.) (c) What is the standard deviation of the stock's returns? Answer%. (Round to two decimal places.)
21)____________     A washing machine manufacturer says that 85% of its washers last five years                         
21)____________     A washing machine manufacturer says that 85% of its washers last five years                                           before repairs are necessary. A random sample of 100 washers showed that 79 of 22)____________     them lasted five years before they needed repair. Test to see if there is a                                           difference between the manufacturer claim and the sample results. List the 23)____________     21) test statistic     22) p-value     23) Does this data indicate that the                                   manufacturer’s claim is too high or too low? (yes...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...