subject
Business, 04.05.2021 18:20 sukhmanksidhu

A manufacturing company has been selected to assemble a small but important component that will be used during the construction of numerous infrastructure projects. The company anticipates the need to assemble several million components over the next several years. Company engineers select three potential assembly methods: Method A, Method B, and Method C. Management would like to select the method that produces the fewest number parts per 10,000 parts produced that do not meet specifications. It may also be possible that there is no statistical difference between the three methods in which case the lowest cost method will be selected for production. While all parts are checked before leaving the factory, the best method will reduce the number of parts that need to be recycled back into the production process. To test each method, six batches of 10,000 components are produced using each of the three methods. The number of components out of specification are recorded in the Microsoft Excel Online file below. Analyze the data to determine if there is any difference in the mean number of components that are out of specificaion among the three methods. After conducting the analysis report the findings to the management team. a. Compute the sum of squares between treatments (assembly methods).
b. Compute the mean square between treatments (to 1 decimal if necessary).
c. Compute the sum of squares due to error.
d. Compute the mean square due to error (to 1 decimal if necessary).
e. Set up the ANOVA table for this problem. Round all sum of squares to the nearest whole number. Round all Mean Squares to one decimal place. Round F to two decimal places.
Source of Variation Sum of Squares Degrees of Freedom Mean Square F
Treatments (Methods)
Error
Total
At the = 0.01 level of significance, test whether the means for the three methods are equal.
Calculate the value of the test statistic (to 2 decimals).
The p-value is (to 4 decimals):
What is your conclusion for management?
Conclude that not all method means are equal. Conclude that all method means are equal.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 03:30, skylar1315
Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars
Answers: 1
image
Business, 22.06.2019 07:00, ladybugys
Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805
Answers: 1
image
Business, 22.06.2019 10:40, charlesrogers38
What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk
Answers: 1
image
Business, 22.06.2019 14:30, SophieCasey
The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.
Answers: 2
You know the right answer?
A manufacturing company has been selected to assemble a small but important component that will be u...

Questions in other subjects:

Konu
Geography, 16.04.2020 17:53