Spot light strategy to cut cost of their product

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Yaka's spot light strategy to cut cost of their product but wanted to maintained the quality of the product. They planning to replace by similar quality but with cheaper cost.

The variance of existing light bulb time is 16.3 months. A random sample if 12 consumers gave a sample variance of 15.6 months.

Define if the new lamp bulb carry out as better as the current product they have. Show all calculation.

Reference no: EM131118292

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