3. Seoul, South Korea, could become a major manufacturing center for watches by 2030. The leading watch company Hwanhui reports that its watches do not lose any seconds during a week’s duration. A sample of 16 watches has the measured time discrepancies in a week listed below. Is Hwanhui’s report correct? Use the 6-step process to test this claim at a 1% level of significance. Provide decision rules in the “critical value” terms and in the “p-value” terms. Compute the p-value and state your statistical decision in terms of both the critical value and in terms of the p-value. Do you have any suggestions to make to Hwanhui in their thinking about the results of this statistical test?
-0.20 -0.61 -0.28 0.32
-0.38 0.30 -0.48 -0.23
-0.01 -0.37 -0.68 0.05
-0.47 -0.64 -0.04 -0.02
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more