please solve by hand, do not use technology Thank you very much One of your prod
ID: 3224525 • Letter: P
Question
please solve by hand, do not use technology
Thank you very much
Explanation / Answer
The sample variance has reduced from 16.7 to 15.
If this has statistically reduced needs to be checked, that is is var2 < var1 or not
If the problem is really fixed or not depends on the company parameters of the variance. If the acceptable variance for the company is say 15.5 then we need to check if var2<15.5 or not.
Hence the null and alternate hypothesis would be:
H0 : var2 = company standard
H1 : var2<company standard
If the null hypothesis is rejected then we can say that the variance is within limits
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