Develop a flowchart for the proposed statistical inference

Assignment Help Marketing Management
Reference no: EM133470004

Homework: Case Study- Statistical Inference

Overview

The research department of an appliance manufacturing firm has developed a new bimetallic thermal sensor for its toaster. The new bimetallic thermal sensor can sense the temperature of the bread and move the lever arm to activate the switch. The research department claims that the new bimetallic thermal sensor will reduce appliance returns under the one-year full warranty by 2%-6%. To determine if the claim can be supported, the testing department selects a group of the toasters manufactured with the new bimetallic thermal sensor and a group with the old thermal sensor and subjects them to a normal year's worth of wear. Out of 250 toasters tested with the new bimetallic thermal sensor, 8 would have been returned. Seventeen would have been returned out of the 250 toasters with the old thermal sensor. As the manager of the appliance manufacturing process, use a statistical procedure to verify or refute the research department's claim.

Task

Create 8 to 10 slides, including a cover and a sources list, for a presentation to the director of the manufacturing plant in which you:

Question A. Summarize the problem with the appliance manufacturing firm's toaster.

Question B. Propose the statistical inference to use to solve the problem. Support your decision using a scholarly reference.

Question C. Using Excel:

Question a. Develop a flowchart for the proposed statistical inference, including specific steps.
Question b. Compute all statistical calculations.

Question D. Place your flowchart in a slide.

Question E. Determine if you can verify or refute the research department's claim.

The specific course learning outcome associated with this homework is:

A. Develop recommendations to improve business processes using statistical tools and analysis.

Reference no: EM133470004

Questions Cloud

Develop a scatter plot showing the variables : Develop a scatter plot showing the variables, rate of service and worker hours, with the y variable on vertical axis and the x variable on horizontal axis.
Why would social contract ethics say that : What is a time when you or someone you know of experienced a conflict between duty to self and loyalty to the community? What would logical reasoning say should
Define social welfare and social welfare policy : Define social welfare and social welfare policy and Explain how social welfare policy governs social work practice and programs
What are the pros and cons of plea bargaining : What are the pros and cons of plea bargaining? What are the roles of the prosecutor, defense attorney, judge, and victim in the plea negotiation?
Develop a flowchart for the proposed statistical inference : Summarize the problem with the appliance manufacturing firm's toaster. Develop a flowchart for the proposed statistical inference, including specific steps.
How does your own cultural story influence your ability : How does your own cultural story influence your ability to work in cross-cultural situations? What are you bringing to the social work profession
What are the requirements for parole officers : Discuss the requirements needed to become a Probation Officer in your state. (New York) - What are the requirements for Parole Officers?
Does it pass the tests of validity and strength : Evaluate its logical strength, using the concepts and ideas presented in the textbook readings, the lesson, and any other source you find that helps you
Discuss the pros and cons of less-lethal-force options : Discuss the pros and cons of less-lethal-force options, such as tasers and bean bag guns, that the police utilize. Should officers be held accountable

Reviews

Write a Review

Marketing Management Questions & Answers

  How does alibaba provide value to chinese consumers

As a digital retailer, how does Alibaba provide value to Chinese consumers? What sets of values are unique to the Chinese market?

  What has been the impact of pandemic on communication

What do you believe are the 3 biggest impacts technology has had on business communication? What has been the impact of the pandemic on communication

  Explain the funds allocation among different assets

Explain the funds allocation among different assets that you actually choose in your Stock-Trak portfolio. If your actual asset allocation is different.

  Are the internal strengths still strengths

What potential growth strategy should the company employ, who might be a potential competitor to be over taken and how would it shift the core competencies?

  Briefly explain the downside of slashing the budgets

Briefly discuss the various perspectives taken by these companies, and explain why everyone may not agree on the same level of importance for media.

  How will communicate the change to the vendor

What are the risks (adverse effect) that are introduced by this change in plans? How will you communicate this change to the vendor?

  Explain the basic idea behind step flow models

Explain the basic idea behind ‘step flow' models.-  Illustrate the importance of word of mouth and opinion leadership.

  What are three tactics she might consider

MKT6250 Healthcare Marketing- What are three possible approaches this group might consider? What are three tactics she might consider?

  Context of the wider business environment

Produce a commercially driven business case for beverage company, including an action plan for development and methods for its successful protection in the cont

  Explain steps ed should take to identify the training jane

Assess Ed's actions in working with Jane and explain if his actions have been fair and appropriate - Explain alternate steps Ed should take now in dealing with Jane and the situation.

  Examine the marketing and the digital future

MAR039-6 New way / medium (enabling new business models) to conduct business with individuals in the centre and not (only) companies [Uber, AirBnB, eBay].

  How does history affect the quality of products

In 1999 Nissan was rescued from impending bankruptcy, how does Operation Management help this kind of situation?

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