Using Solver, determine the number of hours used in the rolling department.

Using Solver, determine the number of hours used in the rolling department.
 
  A) 175.076 hours
  B) 302.294 hours
  C) 225.000 hours
  D) 330.000 hours

Q. 2

At the .05 level of significance, can we reject the null hypothesis in the previous question?
 
  What will be an ideal response?

Q. 3

The fact that a point estimate will likely be different from the corresponding population value is due to the fact that point estimates are subject to sampling error.
 
  Indicate whether the statement is true or false

Q. 4

What is the Batch Fit Tool in Crystal ball used for?
 
  What will be an ideal response?

Q. 5

A small company has 7 employees. The numbers of years these employees have worked for this company are shown as follows:
 
  4 14 3 16 9 8 16
 
  Based upon this information, the mean number of years that employees have been with this company is:
  A) 16
  B)
  C) 8.40
  D) 10

Q. 6

A point estimate for the population mean will always fall within the confidence interval estimate.
 
  Indicate whether the statement is true or false

Q. 7

A continuous random variable defined over one or more intervals of real numbers can have ________.
 
  A) a fixed number of possible outcomes
  B) values that are between 0 and 1 only
  C) an infinite number of possible outcomes
  D) values that have no physical or natural meaning

Q. 8

State the null and alternative hypotheses for this situation
 
  What will be an ideal response?