Evaluate the profitability of the process

Assignment Help Basic Statistics
Reference no: EM131565767

Question: A new process for producing synthetic diamonds can be operated at a profitable level only if the average weight of the diamonds produced by the process is greater than 0.5 karat. To evaluate the profitability of the process, a sample of six diamonds was generated using this new process, with recorded weights .46, .61, .52, .48, .57, and .54 karat. Do the six measurements present sufficient evidence to indicate that the average weight of the diamonds produced by the new process is in excess of 0.5 karat? To answer this question conduct an appropriate test of hypothesis using the five step process.

Reference no: EM131565767

Questions Cloud

Define relationship between police and security officers : Imagine you are the Director of Security and it has been brought to your attention that moral among your security officers
Define the total number of fingers and toes : On a distant planet, Ralph ran into a creature with multiple arms and multiple legs. Each arm has 6 fingers and each leg has 9 toes.
What is precise market segment that company will be selling : What is the precise market segment that each proposed company will be selling to you? Do you think it is a good segment to market to?
Discuss the terms relevant reliable and sufficient : Discuss the terms 'Relevant', 'Reliable' and 'Sufficient' as they relate to 'Audit Evidence'
Evaluate the profitability of the process : A new process for producing synthetic diamonds can be operated at a profitable level only if the average weight of the diamonds produced by the process.
Identify what you believe about god : Why is it important to know what you believe and why you believe it? It is important to know what you believe in and why you believe in it
Determine the amount of the conversion costs : Foley Electronics Corporation manufactures and assembles electronic motor drives for video cameras. Determine the amount of the conversion costs
What are your professional goals : What are your professional goals? Describe the steps you plan to take to reach those goals. Include steps that specifically relate to leadership development.
How you would use the discrete mathematics : Information technology (IT) solutions are often dependent upon the application of the discrete mathematics, probability, and statistical methods that you have.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Simple random sampling technique

When the names of all the students at Omega University were dropped to a fishbowl, they would include:

  Is there a specific size of hospital lobby to avoid

Suppose more airborne bacteria in the lobby means there is a greater chance of contracting an infection. Is there one season in which we should avoid going to a hospital? Why?

  Confidence interval for the average hourly wage earned

Using a random sample of 100 workers, researchers calculate a 95% confidence interval for the average hourly wage earned by construction workers in the city of Boston. This interval they calculate is from $18 to $26.

  The supplier has determined that the standard deviation of

a supplier contract calls for a key dimension of a part to be between 1.88 and 2.12 cm. that is a part will not be

  What is the probability that the stock on that day closed

If a person bought one share of Google stock within the last year, what is the probability that the stock on that day closed at more than $400

  Conduct a one way anova to test the null hypothesis

Conduct a one-way ANOVA to test the null hypothesis that all three scanner systems have the same average number scanned per minute. Use an α of 0.05.

  Will the test be one tail or two tail

Formulate a null hypothesis and an alternative hypothesis for this situation. Will the test be one-tail or two-tail? Why? If the test is one-tail, will it be left-tail or right-tail? Why?

  With a mean of 20 seconds and standard deviation of

with a mean of 2.0 seconds and standard deviation of 0.5please show your worka. px lt 2b. p1.5 lt x lt 2.5c. px gt

  Hypothesis testing-past experience

Past experience at the Crowder Travel Agency indicated that 44% of those persons who wanted the agency to plan a vacation for them wanted to go to Europe.

  Making a confidence interval

How would I go about finding a 95% confidence interval for the population mean if a sample of size 20 has a mean of 18.2 and a sample standard deviation of 3.6?

  Perform one-tailed hypothesis test

A telemarketing company wants to find out if people are more likely to answer the phone between 8pm and 9pm than between 7pm and 8pm.

  Problem regarding the intervals or half-lines

In the proof of Proposition 12.1.1, a 1-1 measurable function f from R onto [0, 1] was constructed by representing each space as a union of countably many disjoint intervals and letting f be monotone from each interval in R to an interval in..

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