Find out bounds on the p-value
An experimenter has conducted the single-factor experiment with six levels of the factor, and each and every factor level has been replicated 3 times. The calculated value of F-statistic is F0 = 5.81. Find out bounds on the P-value.
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The following table provides the median incomes of families through level of income as well as geographical region.
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Based upon a random sample of 16 customer transactions the mean waiting time is 6.3 minutes and standard deviation is 2 minutes per customer. Test the manager's claim at 5% and 1% significance level tests.
Cost of storing one case for the year is 80 cents and ordering fee is $40 per shipment. How many cases must store order each time to minimize total cost?
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