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IS 25 1) CL E) 10) (이 13)

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Thank you!! Inventory management There are 13 questions in this set As you proceed through these questions, use necessary inf
4.) Is the sampling distribution exact or approximate? EXACT: We can derive the exact sampling distribution. APPROXIMATE: We
The value of the sample mean() is 35.5. Calculate the p-value. Four decimals 11.) Above, Walzon used a critical value of 35.
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Answer #1

Note : Final answers are highlighted in colour.

1) Probability model is Normal population.

2)

Null hypothesis is Delivery time is atleast 37 hours

Alternate hypothesis is Delivery time is leass than 37 hours

Therefore,

Hypothesis:

H0:\mu_0\geq 37

Ha:\mu_0< 37

Left alternative test

3)As we have the population standard deviation(\sigma), we need to use Z stat(Normal distribution)

Therefore test statistic(Z stat)= \frac{\overline{X}-\mu}{\sigma/\sqrt{n}} ~N(0,1)

Two

4)Sampling distribution is exact as the delivery times are normally distributed and we have the population standard deviation as well. We dont need to resort to central limit theorem.

Exact

5)

Z= \frac{\overline{X}-\mu}{\sigma/\sqrt{n}} = \frac{35-37}{8/\sqrt{64}} = -2

.00 .01 102 03 .04 405 . 06 407 . 08 .09 3.4 3.3 -3.2 -3.1 -3.0 -29 -2.8 -2.7 -2.6 -2.5 -2.4 -2.3 -2.2 -2.1 -2.0 10003 0005 1

P(Z<-2)= 0.0228(From the Z table above)

6)\mu=37 means the null hypothesis is true, we are trying to find out the probability of rejecting the null hypothesis when it is true. This is called Type 1 error.

Probability of Type 1 error is called level of significance (\alpha).

7)Critical value= 35

P(H0 will be accepted if \mu =34)= P(\overline{X}>35 | \mu =34)

Z = \frac{\overline{X}-\mu}{\sigma/\sqrt{n}} = \frac{35-34}{8/\sqrt{64}} =1

P(\overline{X}>35 | \mu =34)= P(Z>1)=  0.158655

8) The calculated is P(Not rejecting H0 | H0 is false).

We are trying to calculate the probability of not rejecting H0 when it is to be rejected. This is called Type II error(\beta).

11) Sample mean(\overline{X})= 35.5

Z= \frac{35.5-37}{8/\sqrt{64}} = -1.5

P(Z<-1.5)= 0.0668

12)critical vale when \alpha =0.01,

Z value for  \alpha=0.01 is -2.326

corresponding X= \mu+Z*\frac{\sigma}{\sqrt{n}} = 37-2.326*1= 34.67

13)Power = 1-\beta= 0.95

\beta= 0.05,  \alpha=0.01

Corresponding Z for \alpha =0.01 is -2.326

X= 37- 2.326*8/n

n= \frac{-2.326*8}{X-37} = -18.608/(X-37)---------------------(1)

P(H0 will be accepted if \mu =34)= 0.05

\frac{X-\mu}{\sigma/\sqrt{n}}= 0.05

X-34= 0.05*\frac{8}{\frac{-18.608}{X-37}}

Solving for X from the above equation gives, X= 34.06.

Solving for n from (1) gives n= 40

The minimum sample size =40

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