Assignment: Hypothesis Testing
The Lazer Company has a contract to produce a part for Boeing Corporation that must have an average diameter of 6 inches and a standard deviation of 0.10 inch. The Lazer Company has developed a process that will meet the specifications with respect to the standard deviation, but it is still trying to meet the mean specifications. A test run (considered a random sample) of parts was produced, and the company wishes to determine whether this latest process that produced the sample will produce parts meeting the requirement of an average diameter equal to 6 inches.
Use Excel to:
1) Construct the appropriate null and alternative hypotheses with correct parameters.
2) Develop the decision rule assuming that the sample size is 200 parts and the significance level is 0.01.
3) In a Word document:
o Recommend what the Lazer Company should conclude if the sample mean diameter for the 200 parts is 6.03 inches.
Format your assignment according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.