Question

Problem 3(2pts) A company X added a new factory. The data contains the daily factory production for the first six months. The researchers want to know whether the company is performing as well as the other companies. They also have an overall mean of the daily production output of the others factories. Which tool would you suggest to them?

a) Confidence Intervals

b) ANOVA

c) Correlation Matrix

d) Linear Regression

e) Histograms

f) CATNAP

Answer 1

The company owner wants to compare his company with other companies.

The owner has the overall mean of the daily production output of the other factories. The owner can add the total production output of all factories and can make a histogram showing total production output of the company on the y axis with the proper scale and different companies on the x - axis. If the company X matches with the oher companies total production output then the company is performing well.

Therefore, the correct answer is e).