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Average processing of a purchase request

Your organization has a goal of 14 days for the average processing of a purchase request (PR) from notification to final approval. They are only concerned if it takes longer than 14 days. A sample of 25 PRs produced a mean of 15.5 days and a standard deviation of 1.5 days. Test at the 10% level of significance whether they are meeting their goal. Select the correct answer out of each pair of choices.

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Basic Statistics: Average processing of a purchase request

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Average processing of a purchase request

Reference No:- TGS0704365

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Q : What is the level of activity within the relevant range

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Q : What was the net sales figure for these two transactions

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Average processing of a purchase request

Reference No:- TGS0704365

Recent Questions Asked Basic Statistics

Q : How many dependency exemptions

Q : Correct value of the mean

Q : What is the level of activity within the relevant range

Q : Prepare the journal entry to record the admission

Q : Average processing of a purchase request

Q : How would you explain this to the owner

Q : Standard deviation of probability distribution

Q : Sphere uses a traditional costing system

Q : What was the net sales figure for these two transactions

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