TABLE 12-20 A Filling Machine at a Local Soft Drinks Company Is

question 2

True/False

TABLE 12-20
A filling machine at a local soft drinks company is calibrated to fill the cans at a mean amount of 12 fluid ounces and a standard deviation of 0.5 ounces.The company wants to test whether the standard deviation of the amount filled by the machine is 0.5 ounces.A random sample of 15 cans filled by the machine reveals a standard deviation of 0.67 ounces.
-True or False: Referring to Table 12-20,the decision is to reject the null hypothesis when using a 5% level of significance.

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Definitions:

Mortgages

A type of loan specifically used for the purchase of real estate, where the property itself serves as collateral against the borrowed funds.

Consumer Credit

A form of credit extended to consumers to finance the purchase of goods or services, often associated with personal loans, credit cards, and lines of credit.

Productive Capacity

The maximum output a business, industry, or economy can produce using all available resources efficiently.

Material Wealth

The quantifiable fiscal assets and possessions owned by an individual or entity, often used as a measure of economic status.