How to Calculate Averages in Excel (7 Simple Ways)
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A manufacturer of widgets wants to test a new widget-producing machine to determine if it can make an average of 25 widgets per second before deciding to invest in the machine. The standard to reject the new machine is if it makes an average of less than 25 widgets per second. Here are data from a small random sample: 25.6, 26.2, 22.5, 20.5, 26.4, 27.4, 23.6, 26.9, 25.7, 24.9. Assuming the population follows a normal distribution, is there evidence that the new machine should be rejected at the
A manufacturer of widgets wants to test a new widget-producing machin…
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