2. The management of ABC Industries is considering a new method of assembling its golf cart. The present method requires 42.3 minutes, on the average, to assemble a cart. The mean assembly time for a random sample of 24 carts, using the new method, was 40.6 minutes, and the standard deviation of the sample was 2.7 minutes. Can we conclude that the assembly time using the new method is faster? A) State Ho and H, B) Test the hypothesis usıng the P-Value approach at a significance level of 1%, and express your decision.

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2. The management of ABC Industries is considering a new method of assembling its golf
cart. The present method requires 42.3 minutes, on the average, to assemble a cart. The
mean assembly time for a random sample of 24 carts, using the new method, was 40.6
minutes, and the standard deviation of the sample was 2.7 minutes. Can we conclude that
the assembly time using the new method is faster?
A) State Ho and H,
B) Test the hypothesis usıng the P-Value approach at a significance level of 1%, and
express your decision.
Transcribed Image Text:2. The management of ABC Industries is considering a new method of assembling its golf cart. The present method requires 42.3 minutes, on the average, to assemble a cart. The mean assembly time for a random sample of 24 carts, using the new method, was 40.6 minutes, and the standard deviation of the sample was 2.7 minutes. Can we conclude that the assembly time using the new method is faster? A) State Ho and H, B) Test the hypothesis usıng the P-Value approach at a significance level of 1%, and express your decision.
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