Data set 2 presents a sample of the number of defective flash drives produced by a small manufacturing company over the last 30 weeks. The company’s operations manager believes that the number of defects produced by the process is less than seven defective flash drives per week. Use this online calculator (or any statistical package that you are comfortable with) to construct a hypothesis test to verify the operations manager’s claim. Your hypothesis test should include null and alternative hypotheses, a t test statistic value, a p value, a decision, and a conclusion. Submit a Word file that includes the hypothesis test.

use the appropriate descriptive statistics from W2 Assignment 2.Assuming that the sample statistics you computed are exactly equivalent to the corresponding population parameters, identify the following:What score on Recall1 would correspond to an extremely high score?What score on Recall1 would correspond to an extremely low score?"To find these hypothetical scores, solve for X (your raw score) using the following formula:X = (±z)(sd) + M, wherez = The z-score cutoff for 5 percent in the tail (±1.645)sd = Your sample standard deviationM = Your sample meanUse Minitab to compute z-scores for Recall1. Complete the table, indicating the appropriate z-scores corresponding to each of the participants whose score is given.Subject IDRecall at Time 1Z-score5810121510208259

As an Ivy Tech student, you are making an investment in your education. This project will look at how that investment will pay off if you graduate and get a job in your desired field.The median annual income for a high school graduate is $22,500. This is the value that you will be comparing your expected salary and lifestyle to in the following areas: 1.) Income Comparison: Research your expected income after you graduate college. Assume you obtain whatever level of education needed to enter your desired area of employment and that you will have a salary equivalent to the annual Median salary found at: http://www.bls.gov/oes/current/oes_in.htm#27-0000*You will need to click on your desired career in order to see the Annual Median wage. • Your reflection paper should explain what your desired area of employment is and what the median annual salary for that position is.• Your reflection paper should contain at least one statement comparing your expected salary with that of the median income of a high school graduate. 2.) Housing Comparison: Current 30 year mortgage rates are at 4.25% and a good rule of thumb is to spend no more than 28% of your gross income on house payments (Note: We are using a different formula here than the ‘Total Expense Ratio’ in the book, so you will not need to know tax and other info). Use Excel to determine the largest value of a house that could be bought using a 30-year mortgage at 4.25% with payments that are 28% of the gross monthly income for someone with only a high school diploma and then do the same calculation using your expected salary.Also, assume 3.5% interest on a 15-year mortgage, and calculate the largest value of house that could be afforded under this type of mortgage. Make a couple statements comparing your findings. Use Excel to create an amortization table for ONE of the following: a 30 year mortgage with your anticipated income, a 15 year mortgage with your anticipated income, a 30 year mortgage for someone with the income of a high school graduate, and a 15 year mortgage for someone the income of a high school graduate. Highlight the tenth year of the amortization table. How much of the loan have you paid off after 10 years? (This is related to the idea of home equity, which is the current value of the home minus the amount owed on the home. Note that you build equity more quickly with a 15-year mortgage, because more of each payment goes toward repaying the principal.) Calculate the total price of each home. How much more interest is paid? (We are ignoring other closing costs that in reality we would have to pay.)• Your reflection paper should contain at least one statement comparing the value of the house that a high school graduate can afford and that you expect to be able to afford for each type of mortgage.• Clearly label the amortization table in Excel.• Make sure you have highlighted the tenth year in the amortization table.• Your reflection paper should contain at least one statement comparing the total price of the 30 year mortgage with the total price of the 15 year mortgage for BOTH your expected salary, and that of a high school graduate.• Be prepared to explain in your reflection paper what Excel function was used for these calculations.3.) Retirement Comparison: Your future employer will match your 401k investments 50%, but your high school counterpart does not receive help with their retirement plan from their employer. You and your high school counterpart are able to invest at least 5% of your salary in a 401k investments that will earn a 3.99% annual return. Use Excel to determine the balance on such a 401K after 40 years of investment for the high school graduate and for your expected income. Also use Excel to determine how many years it would take for the high school graduate and for your expected investment to reach $250,000.• Your reflection paper should contain at least one statement comparing the value of the 401K investment of the high school graduate and for your expected income.• Your reflection paper should contain at least one statement comparing the time it would take for the 401 k investment of the high school graduate and for your expected income to reach $250,000.• Clearly label these calculations within Excel.4.) Raises: The high school graduate’s income is not expected to increase over the next five years, but assume that your field will guarantee you a 2.25% raise on your annual salary each year for the next five years. Determine what your new annual salary will be given these five years of raises. Using this new income, recalculate the 30 year mortgage from part 2. Also recalculate the 40 year 401 k information from part 3 using this new income (use the new income and 40 years for this, don’t worry about the complication of 5 years of changes). • Your reflection paper should contain at least one statement comparing your initial salary with the salary after 5 years of raises. • Your paper should explain how you determined the increased salary.• Your paper should address how your increased salary might impact your mortgage and 401K values. 5.) Change of Careers: It can be hard to predict if you will stay in your current career forever. Pick a second career from: http://www.bls.gov/oes/current/oes_in.htm#27-0000 and look up the Median annual salary. Compare the salary of this job to the one that you picked in part 1 of the project. How would this change affect your financial planning?• Your reflection paper should contain at least one statement comparing the salaries of your two chosen careers.• Reflect on how a change of careers might affect your housing and 401K values. In addition to addressing the statements above, your paper should:• Have a logical organization.• Be able to be understood by an audience of your peers (i.e. don’t assume that you are writing this to your instructor, make sure anyone could understand your statements.)• Provide support for your statements. E.g. explain how values were found.• Give specific values (i. e. quantify statements).• Contain a variety of comparison statements, including the use of relative change sentences.Project Checklist:◻ Explanation of career choice◻ Comparison of your expected salary vs. a HS graduate.◻ Comparison of house you could afford for both 30 year and 15 year mortgage with expected salary vs.HS grad.◻ Explanation of how house value was determined.◻ Amortization table within Excel.◻ Other necessary calculations within Excel.◻ Comparison of 401K value you would expect vs. HS grad.◻ Explanation of how the 401K value is determined.◻ Comparison of length of time it would take to achieve $250,000 in retirement funds for your expected income as well as that of a HS graduate.◻ Explanation of how the time to reach $250,000 is determined.◻ Comparison of starting salary to salary after 5 years of raises. ◻ Explanation of how increased salary is determined.◻ Discussion of how raises might affect mortgage and 401Kvalues,including specific quantities. ◻ Discussion of how career change may affect mortgage and 401K values◻ Paper should be elegant and coherent with a logical organization.◻ Paper should be free of grammatical and mechanical errors.◻ Paper must contain some relative change statements.◻ Paper should be submitted via Blackboard on time.These instructions cover the MINIMUM expectations of this project. Students are encouraged to make additions beyond these items.*My current profession is LPN. Here is a copy of the sample worksheet