Question: For this assignment, you will practice applying hypothesis testing to business decision scenarios. Using the Hypothesis Tester – Single Sample Excel file linked in the Resources, complete all of the following scenarios:

Scenario 1

The vice president of operations for a veterinary supply company has designed a new quality control process that she believes will significantly reduce the reject rate in the packing line for bottles of equine glucosamine from its historical level of 32 units per 1,000. She now wants to implement a pilot of this process and use it to see whether the data support her belief.

 What is the null hypothesis for this test?

 In the context of this scenario, what would be the consequences of making a Type I error?

 In the context of this scenario, what would be the consequences of making a Type II error?

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document