New product impact in production costs (test post)

The Danish butcher production and retail chain, MeatMe, is considering whether to start production of dogfood and decides to start a 7 days test production and call the product BargainBone. For the fixating of price, MeatMe wishes to analyze the relation between the...

Null and alternative hypothesis testing

When is a new finding significant? The hypothesis can help answer this question.   The hypothesis testing is composted by a null hypothesis and the alternative hypothesis and helps us to determine if a new finding is significant and thus to see if a parameter is...

Testing workflow with html5-editor

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Template test

This would lead to a hypergeometric distribution: X follows Hypergeometric(K, N, n), where:  K = number of defect units in one daily production N = the population size = the number of units produced per day n= the sample size = 25 draws, and in which p = the...

test post

yxTtherm The Swedish company, yxTherm, produces thermostats and wish to revise their established quality assurance parameters. Currently, the production process is defined as ‘controlled’ when a maximum of 10% of the produced units are defect. On each production day,...