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Step process for hypothesis testing

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Problem: The current rate for producing fuses at ABC Electric Co. is 250 per hour. A new machine has been purchased and installed that is expected to increase the production rate. A sample of 10 randomly selected hours from last month revealed that the mean hourly production on the new machine was 256 units, with a sample standard deviation of 6 per hour. At the .05 significance level, can ABC Electric Co. conclude that the new machine is faster?

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Question: Use the systematic 5-Step process for Hypothesis Testing and show all the steps.

Reference no: EM132413725

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