Question

A company that has two key products for the business wants to estimate the difference between...

A company that has two key products for the business wants to estimate the difference between the number of complaints received for each type of product. For this purpose, a statistical study was designed that consists of taking the historical data of monthly complaints that occurred for each product in the last 48 months, in three different points of sale chosen completely random. The results are shown below:

Type of product

A

B

Average of registered complaints

17.2

25.1

Standard deviation

4.6

5.3

The company wants to verify that the average number of complaints received for product A is greater than 15, using a significance level of 0.05. Calculate the p-Value. What conclusions do you reach?

Homework Answers

Answer #1
null hypothesis: HO: μ = 15
Alternate Hypothesis: Ha: μ > 15
0.1 level with right tail test and n-1= 47 df, critical t= 1.300 from excel: t.inv(0.9,47)
Decision rule :reject Ho if test statistic t>1.3
population mean μ= 15
sample mean 'x̄= 17.200
sample size    n= 48
std deviation s= 4.6000
std error ='sx=s/√n=4.6/√48= 0.6640
t statistic ='(x̄-μ)/sx=(17.2-15)/0.664= 3.313
p value      = 0.001 from excel: tdist(3.313,47,1)

since p value <0.05 ; we reject null hypothesis

we have sufficient evidence to conclude that the average number of complaints received for product A is greater than 15.

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
BridgeRock is a major manufacturer of tires in the U.S.. The company had five manufacturing facilities...
BridgeRock is a major manufacturer of tires in the U.S.. The company had five manufacturing facilities where tires were made and another 20 facilities for various components and materials used in tires. Each manufacturing facility produced 10,000 tires every hour. Quality had always been emphasized at BridgeRock, but lately quality was a bigger issue because of recent fatal accidents involving tires made by other manufacturers due to tread separation. All tire manufacturers were under pressure to ensure problems did not...
Scenario Pigs R Us is a second generation, family-owned Richmond-based company with about 400 employees. It...
Scenario Pigs R Us is a second generation, family-owned Richmond-based company with about 400 employees. It slaughters, manufactures, and sells pork food products.  Pigs R Us (PRU) is a low-tech, hands-on, “bricks and mortar” type of company with solid brand recognition, an impeccable reputation for high quality and ethical standards. The processes used in manufacturing are with the highest ISO20002 standards, and the plant is maintained immaculately. The personnel are comprised of an older work force (average employee age is late...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT