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A company is criticized because only 16 of 46 executives at a local branch are women. The company explains that although this proportion is lower than it might wish, it's not a surprising value given that only 40% of all its employees are women. The company has more than 500 executives worldwide. Test an appropriate hypothesis and state the conclusion.
Calculate the test statistic.
z=?
Find the P-value.
P-value=?
The insurance organization processes thousands of these forms each day also due to the high cost of inspecting each form, only a small representative sample of 300 was collected each day. Compute the upper also lower control limits for the chart.
They gave the example that if it orginally ran 2 minutes long it would then run for only 1 min and 12 seconds. I thought 40% would be 1 min 20 sec
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Illustrate what are three examples of businesses that use some sort of device to electronically collect information that can be used for forecasting.
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