Change impact production

Assignment Help Business Economics
Reference no: EM132021759

A company has just switched to a 4-day work week. It has measured the number of units produced per week for 10 employees before and after the change. Does the change impact production. Show your work.

Employee    Before      After

A 25 23 +

B 26 24 +

C 27 26 +

D 22 19 +

E 29 30 -

F 25 24 +

G 29 22 +

H 30 32 -

I 25 23 +

J 28 21 +

Does changing the workweek influence sales? Use α =.05 2 tailed.

State the null hypothesis.

Change in the workweek does not influence the production

State the alternative hypothesis.

Change in the workweek does influence the production

Compute the sign test (ie., how many plusses and minuses).

What is the probability of observing the results above just by chance?

State your conclusions.

Fail to reject the null hypothesis.

Reference no: EM132021759

Questions Cloud

Variance of the total value of this investors portfolio : How would I find the variance of the total value of this investors portfolio?
Lasting waking-life symptoms : (a) What percent of students have lasting waking-life symptoms? (Round to two decimal places.)%
Calculate the same probability in a more rigorous : 1. Example of informal estimation of probability. 2. how you would calculate the same probability in a more rigorous (i.e., formal) way.
Target readership of the magazine : The ads were also classified according to the target readership of the magazine. Here is the two-way table of counts.
Change impact production : It has measured the number of units produced per week for 10 employees before and after the change. Does the change impact production.
What are the numerical values of control limits : What are the numerical values of these control limits for x? (Round to three decimal places.)
Which stock is more volatile : Suppose Stock A has had a mean price of $6.58 per share with a standard deviation of $1.88, while Stock B has had a mean price of $10.57 per
Which do you think is more useful to someone considering : Which do you think is more useful to someone considering the purchase of a home, the median or the mean? Why?
Indication of statistical association : What type of relationship is an indication of Statistical association

Reviews

Write a Review

Business Economics Questions & Answers

  Tightening of consumer credited effected individual spending

How has the tightening of consumer credited effected individual spending and in turn the U.S. economy? Has this strategy by the financial institutions helped our economic recovery?

  Expected to reduce demand for orthopedic treatment

True or false. A decision to restructure the delivery of fully insured orthopedic services from a large number of local clinics to a small number of regional referral centres would be expected to reduce demand for orthopedic treatment. Explain. (H..

  Preferences are represented by utility function

Ann’s preferences are represented by a utility function UA(x). Suppose one were to (coloquially) say that Carol has more “sensitive preferences” than Ann: her utility function UC (x) satisfies UC (x) = 2UA(x). Prove that for every choice set, Ann and..

  Which even affects demand and which affects supply

Consider the market for theater movie tickets. Say that the prices of concessions (popcorn, drinks, etc.) have increased, and the price of a Netflix subscription has decreased. Which even affects demand, and which affects supply? What would be the ef..

  Euro-per-canadian dollar equilibrium exchange rate

For each of the following events would affect the euro-per-Canadian dollar equilibrium exchange rate. A. European saves desire to shift funds from euro denominated financial assests to Canadian dollar denominated financial assests. B. European firms ..

  Federal reserve increase or decrease nominal money supply

Between 1979 and 1981, the Federal Reserve sharply increased its target for the Federal Funds interest rate. This move was followed by an increase in the unemployment rate. To achieve an increase in the interest rate target, would the Federal Reserve..

  Bank purchases assets-bonds from banks

If a country's Central Bank purchases assets (e.g., bonds from banks), the economic result is:

  Explain how crowding out works

Explain how crowding out works, using the one-period model as an example. Please use the graph and words to explain.

  Pollution reduction should appalachian coal mining undertake

Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipmen..

  What happens to the value of the owners equity

Illustrate what happens to the value of the owners' equity in this bank. Elucidate how large a decline in the value of bank assets would it take to reduce this bank's capital to zero.

  Difference in electronic commerce and electronic business

What is the difference between electronic commerce and electronic business according to Becker and Sampson? Briefly compare B2C, B2B, and B2G electronic commerce?

  Administration of the discount window change

How and why did the manner in which the Federal Reserve's administration of the Discount Window change after 9/11? State the advantages of the changes.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd