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Question 1 Production Rates A manufacturing company wishes to find out whether the productivity of its workforce has increased now that they have a new machine. The factory examined the records for a random sample of 8 hours over the past month. The hourly production rates for these 8 hours were:
142 175 162 158 190 154 160 185
Suppose the production rate before the use of the new machine is 155 units per hour. Test at 10% if the new machine has increased workers' productivity on average using the critical value approach.
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xyz corporation is experiencing an average collection period of 120 days. the industry average is about 75 days. the
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