In a test of corrosion resistance, a sample of 60 Incoloy steel specimens were immersed in acidified brine for 4 hours, after which each specimen had developed a number of corrosive pits. The maximum pit depth was measured for each specimen. The mean depth was 850 μm with a standard deviation of 153 μm. The specification is that the population mean depth μ is less than 900 μm.
a. Find the P-value for testing H0: μ ≥ 900 versus H1: μ < 900.
b. Do you believe it is plausible that the mean depth is at least 900µm, or are you convinced that it is less than 900µm? Explain.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?

Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.