<h3>10,000,000+700,000,000+2,000,000+9,000+4+</h3><h3>400,000+10,000+70+700</h3><h3>=712419774</h3>
please mark this answer as brainlist
Answer:
See explanation below
Step-by-step explanation:
Here, a director of manufacturing must convince management that a proposed manufacturing method reduces costs before the new method can be implemented. The current production method operates with a mean cost of $220 per hour.
a) The alternative and null hypotheses would be:
H0: μ ≥ 220
Ha: μ < 220
b) Comment on the conclusion when H0 cannot be rejected:
When we fail to reject the null hypothesis H0, there is not enough evidence to conclude that the mean cost can be reduced from $220. Therefore the manager's proposed method cannot be implemented.
c) Comment on the conclusion when H0 can be rejected:
When the null hypothesis, H0 is rejected, there is enough evidence to conclude that the mean cost can be reduced from from $220. Therefore the manager's proposed method can be implemented.