EXERCISE 5 The Quality Inspector of a bottle company checks a random sample of 7 elements in...

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Finance

EXERCISE 5
The Quality Inspector of a bottle company checks a random sampleof 7 elements in two different processes that make the same productand checks the liquid in them.
The results are:
PROCESS1: 50 49.9 50.2 50.1 50 49.8 50.3
PROCESS 2: 50,2 48,95 49,2 49,5 49,7 50 49,8
Do you think that the production ofthis plant is following a standard process? Test with analpha-level of 5 per cent.

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Alpha in finance generally referred as the excess reduced return over a benchmark index and expressed as of it Process 1 results are 50 499 502 501 50 498 See Answer

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EXERCISE 5The Quality Inspector of a bottle company checks a random sampleof 7 elements in two different processes that make the same productand checks the liquid in them.The results are:PROCESS1: 50 49.9 50.2 50.1 50 49.8 50.3PROCESS 2: 50,2 48,95 49,2 49,5 49,7 50 49,8Do you think that the production ofthis plant is following a standard process? Test with analpha-level of 5 per cent.