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Do these data provide enough evidence at the1% significance level to infer that the amount oftime wasted in unsuccessful firms exceeds that ofsuccessful ones?

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ne factor in low productivity is the amount of time wasted by workers. Wasted timeincludes time spent cleaning up mistakes, waitingfor more material and equipment, and perform-ing any other activity not related to production.In a project designed to examine the problem, anoperations-management consultant took a surveyof200 workers in companies that were classified assuccessful (on the basis of their latest annual profits)and another 200 workers from unsuccessful compa-nies. The amount of time (in hours) wasted during astandard 40-hour workweek was recorded for eachworker.a. Do these data provide enough evidence at the1% significance level to infer that the amount oftime wasted in unsuccessful firms exceeds that ofsuccessful ones?b. Estimate with95% confidence how much moretime is wasted in unsuccessful firms than in suc-cessful ones


 

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