question archive The speech recognition software used by Mr
Subject:StatisticsPrice: Bought3
The speech recognition software used by Mr.Smith's company can transcribe 130 wpm. He will purchase a new product only if it can be shown to increase the speed. 41 tests were run on the new software resulting in a mean of 135 and standard deviation of 4.5 wpm.
with x= .01, should he purchase the new software?
Show all work.
State hypothesis and graph.