Answer: Lightbulbs of a certain type are advertised as
Chapter 8, Problem 8.20(choose chapter or problem)
Lightbulbs of a certain type are advertised as having an average lifetime of 750 hours. The price of these bulbs is very favorable, so a potential customer has decided to go ahead with a purchase arrangement unless it can be conclusively demonstrated that the true average lifetime is smaller than what is advertised. A random sample of 50 bulbs was selected, the lifetime of each bulb determined, and the appropriate hypotheses were tested using MINITAB, resulting in the accompanying output. Variable N Mean StDev SEMean ZP-Value lifetime 50 738.44 38.20 5.40 2.14 0.016 What conclusion would be appropriate for a significance level of .05? A significance level of .01? What significance level and conclusion would you recommend?
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