Question

In: Statistics and Probability

You have two suppliers for electrical components. The first supplier has sent you 57 parts, of...

You have two suppliers for electrical components. The first supplier has sent you 57 parts, of which 5 have failed. The second supplier has sent you 64 parts, of which 8 have failed. Test the proportion of failures to see if the suppliers are equal in failure rate. Don’t use a significance level, instead report a p-value and give an interpretation of that result.

Solutions

Expert Solution

Let denotes the proportion of failed parts from first supplier and second supplier respectively.

Since P-value = 0.5040 which is a quite significantly high value in terms of probability, so we can conclude the the failure rates are not significantly different for two suppliers.

orchestra answered 2 years ago
Next > < Previous

Related Solutions

A manufacturer receives parts from two suppliers. An SRS of 400 parts from supplier 1 finds...
A manufacturer receives parts from two suppliers. An SRS of 400 parts from supplier 1 finds 20 defective; an SRS of 100 parts from supplier 2 finds 10 defective. Let p1 and p2 be the proportion of all parts from suppliers 1 and 2, respectively, that are defective. Is there evidence of a difference in the proportion of defective parts produced by the two suppliers? To make this determination, you test the hypotheses H0 : p1 = p2 and Ha...
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $...
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 206700 units per year. Components purchased from Supplier B are priced at $ 4 each and are used at the rate of 25,000 units per year. Components purchased from Supplier C are priced at $ 5 each and used at the rate of 10,000 units per year. Currently Harley purchases a separate truckload from each supplier....
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $...
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 240,000 units per year. Components purchased from Supplier B are priced at $ 4 each and are used at the rate of 30,000 units per year. Components purchased from Supplier C are priced at $ 5 each and used at the rate of 10,800 units per year. Currently Harley purchases a separate truckload from each supplier....
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $...
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 200000 units per year. Components purchased from Supplier B are priced at $ 4 each and are used at the rate of 50,000 units per year. Components purchased from Supplier C are priced at $ 5 each and used at the rate of 22,800 units per year. Currently Harley purchases a separate truckload from each supplier....
Two ventilation systems suppliers, Supplier A will have an initial cost of 1600000$, and its operating...
Two ventilation systems suppliers, Supplier A will have an initial cost of 1600000$, and its operating cost is 70000 $ per year, where its life is 4 year with salvage value of 400000 $. Supplier B has an initial cost of 2100000 $ and operating cost of 50000 $ at the first year with an increase of $3000 per year thereafter, and its useful life is 8 years with no salvage value. Use the future worth analysis to determine which...
Two ventilation systems suppliers, Supplier A will have an initial cost of 1600000$, and its operating...
Two ventilation systems suppliers, Supplier A will have an initial cost of 1600000$, and its operating cost is 70000 $ per year, where its life is 4 year with salvage value of 400000 $. Supplier B has an initial cost of 2100000 $ and operating cost of 50000 $ at the first year with an increase of $3000 per year thereafter, and its useful life is 8 years with no salvage value. Use the future worth analysis to determine which...
A supplier of electrical parts and motors company with annual sales of $14 million and employs...
A supplier of electrical parts and motors company with annual sales of $14 million and employs a staff of 80. Company enters an agreement with 2 individuals ,fiscal year 2016, Bostic-age 55, and Wilson age 56, as a management security program to provide postretirement benefits to Bostic and Wilson of $60,000 per employee, per year for an eight-year period, and payable in semiannual installments of $30,000. The agreement provides that payments will be made if Bostic and Wilson remain in...
A supplier of electrical parts and motors company with annual sales of $14 million and employs...
A supplier of electrical parts and motors company with annual sales of $14 million and employs a staff of 80. Company enters an agreement with Miles two days after the current September 30th year-end. Effective October 2, 2016, Mile’s services with the company were terminated due to his alleged inability to get along with his co-workers. In settlement of several counterclaims and legal threats by Miles over his termination, a financial agreement was reached. The agreement provides that the company...
You recently went to work for Allied Components Company, a supplier of auto repair parts used...
You recently went to work for Allied Components Company, a supplier of auto repair parts used in the after-market with products from Daimler AG, Ford, Toyota, and other automakers. Your boss, the CFO, has just handed you the estimated cash flows for two proposed projects. Project L involves adding a new item to the firm’s ignition system line; it would take some time to build up the market for this product, so the cash inflows would increase over time. Project...
You recently went to work for Allied Components Company, a supplier of auto repair parts used...
You recently went to work for Allied Components Company, a supplier of auto repair parts used in the after-market with products from Daimler AG, Ford, Toyota, and other automakers. Your boss, the chief financial officer (CFO), has just handed you the estimated cash flows for two proposed projects. Project L involves adding a new item to the firm’s ignition system line; it would take some time to build up the market for this product so that the cash inflows would...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT