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# 1 page - - Assignment Example

Summary
However, 40 randomly sampled branches have mean takings of only £37,000 with a standard deviation of £6,000. Does this suggest that the mean takings of all the branches…

## Extract of sample"1 page -"

, we thus reject the null hypothesis and conclude that the actual distribution of performance grade differs from the expected distribution at 5% significance level and as such the financial director is right to be concerned.
A packaging device is set to fill detergent packets with a mean weight of 500g. It is important to check the machine periodically because overfilling increases the cost of materials whereas underfilling leaves the firm liable to prosecution. A random sample of 25 filled packets is weighed and shows a mean net weight of 510g with a standard deviation of 15g. What conclusion can be drawn at the 5% level of ...Download file to see next pagesRead More
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