Solutions-Focused Decision Making

What is the value of this 20 year lease? The first payment, due one year from today is $2,000 and…
September 23, 2021
senario
September 23, 2021

You are a data analyst with John and Sons Company. The company has a large number of manufacturing plants in the United States and overseas. The company plans to open a new manufacturing plant. It has to decide whether to open this plant in the United States or overseas.

What is an appropriate null hypothesis to compare the quality of the product manufactured in the overseas plants and the U.S. plants? Why? How would you choose an appropriate level of significance for your statistical test? What are the possible outcomes and limitations of your statistical test?

 
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