Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

The plant manager of a company involved with producing office furniture believes that worker productivity is a function of job design, among other things. To determine whether design A (as predicted by the manager) is quicker to assemble than design B (in that it reduces assembly times for the production of a new computer desk) a significance test was conducted. 25 randomly selected workers assembled the desk using design A and another 25 randomly selected workers assembled the desk using design B. The assembly times in minutes are recorded below:

Design A Design B

5.2 5.3 6.8 4.6

6.7 7.9 5 6

5.7 7.0 7.9 7.1

6.6 5.9 5.2 6.1

8.5 7.1 7.6 5

6.5 5.8 5 6.3

5.9 7 5.9 7

6.7 5.7 5.2 6.4

6.6 5.9 6.5 6.1

4.2 4.9 7.4 6.6

4.2 5.3 6.1 7.7

4.5 4.2 6.2 6.4

7.1 7.1

1. State the null hypothesis and alternative hypothesis for the above situation. Write these hypotheses in words AND statistical notation.

Following is the Excel output. 

t- test Two sample assuming equal variances

Design A Design B Mean

Mean 6.288 6.016

Variance 0.8477667 1.303066667

Observations 25 25

Pooled Variance 1.0754167

Hypothesized Mean Difference 0

df 48

t Stat 0.9273326

P(T<=t) one-tail 0.1791967

t Critical one-tail 1.6772242

P(T<=t) two-tail 0.3583935

t Critical two-tail 2.0106336

2. Refer to the Excel output to decide whether you should reject the null hypothesis in this case. (Use alpha=0.05). 

3. Draw a conclusion with respect to the problem. 

4. Describe what a Type 1 error would be for this situation.

5. Describe what a Type 2 error would be for this situation.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92788166
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Business Economics

A bag contains 15 red marbles and 13 blue marbles two

A bag contains 15 red marbles and 13 blue marbles. Two marbles are randomly drawn without replacement. Find the probability that both marbles are red.

Briefly explain the meaning of the t-test for regression

Briefly explain the meaning of the t-test for regression analysis. How can the "rule of two" be used to evaluate t-ratios?

Briefly explain the meaning of the t-test for regression

Briefly explain the meaning of the t-test for regression analysis. How can the "rule of two" be used to evaluate t-ratios?

What does the term factors of production and the three most

What does the term, factors of production and the three most important factors of production?

151 153 152 146 148 152 15 152 15 154157 148 154 155 149

15.1 15.3 15.2 14.6 14.8 15.2 15 15.2 15 15.4 15.7 14.8 15.4 15.5 14.9 14.9 14.9 15.3 15.5 15.4 15.1 14.7 15.1 14.6 14.7 15.2 15.4 15.4 14.5 15.5 15.1 14.8 14.9 14.6 14.6 15.4 15 15.3 15.5 14.9 15.2 15.2 15 15.1 14.7 14. ...

The united states appears at times to have a totally

The United States appears at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as early as the late 194 ...

What are the main things to remember about elasticity

What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?

Assume student employees at wmu make an average of 12 an

Assume student employees at wmu make an average of $12 an hour with a standard deviation of $3. Assuming these hourly wages are normally distributed. What is the chance a randomly selected student employee makes more tha ...

Suppose the price level and value of the us dollar in

Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively.  a. If the price level rises to 1.15 in year 2, what is the new value of the dollar?   b. If, instead, the price level falls to 0 ...

The probability that someone made a purchase at a store is

The probability that someone made a purchase at a store is 0.36. You randomly select 15 people who went to the store. The random variable x represents the number of people who made a purchase. a. Find the probability tha ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As