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

question 6

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 10% level of significance.

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Definitions:

Initial Costs

The expenses incurred to start a project, purchase an asset, or initiate any new business activity.

Annual Cash Inflows

The total amount of money received by a company within one year from its various operational and financial activities.

Oil Production

The extraction of crude oil from the earth, which is later refined and used in the production of various energy products and other materials.

Opportunity Cost

The sacrifice of potential gains that could have been obtained from unchosen options.