Answer:
The value of t test statistics is -3.
The P-value is 0.0089.
Explanation:
We are given that the past data indicate that the mean completion time is 43 minutes, but the managers have reason to believe that this value has decreased.
After choosing a random sample of 9 assembly line completion times, the managers compute the sample mean completion time to be 40 minutes and the standard deviation to be 3 minutes.
Let
= mean mean completion time.
So, Null Hypothesis,
:
43 minutes {means that the mean completion time of an assembly line operation has increased or remains same}
Alternate Hypothesis,
:
< 43 minutes {means that the mean completion time of an assembly line operation has decreased}
The test statistics that would be used here One-sample t test statistics as we don't know about the population standard deviation;
T.S. =
~

where,
= sample mean completion time = 40 minutes
s = sample standard deviation = 3 minutes
n = sample of assembly line completion times = 9
So, test statistics =
~

= -3
The value of t test statistics is -3.
Now, the P-value of the test statistics is given by the following formula;
P-value = P(
< -3) = 0.0089 or 0.89%