Acompany manufacturing computer chips finds that 8% of all chips manufactured are defective. management is concerned that employee inattention is partially responsible for the high defect rate. in an effort to decrease the percentage of defective chips, management decides to offer incentives to employees who have lower defect rates on their shifts. the incentive program is instituted for one month. if successful, the company will continue with the incentive program.
1) write the company's null and alternative hypotheses.
2) in this context describe a type l error and the impact such an error would have on the company.
3) in this context describe a type ii error and the impact such an error would have on the company.
4) based on the data they collected during the trial program, management found that a 95% confidence interval for the percentage of defective chips was (5.0%, 7.0%), what conclusion should management reach about the new incentive program? explain.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Rats that received electric shocks were unlikely to develop ulcers if the

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided