TABLE 12-14 A Filling Machine at a Local Soft Drinks Company Is

question 93

True/False

TABLE 12-14
A filling machine at a local soft drinks company is calibrated to fill the cans at an average 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 indeed 0.5 ounces. A random sample of 15 cans filled by the machine reveals a standard deviation of 0.67 ounces.
-Referring to Table 12-14, there is sufficient evidence to conclude that the standard deviation of the amount filled by the machine is not exactly 0.5 ounces when using a 5% level of significance.

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Definitions:

Output Price

Refers to the price at which goods or services are sold in the market, affecting producers' revenue.

Brick-And-Mortar

Traditional physical retail stores located in buildings as opposed to online or virtual platforms.

Commitment Device

Actions that individuals take in one period to try to control their behavior in a future period.

Behavioral Conditioning

A learning process that involves developing or modifying behaviors through reinforcement or punishment.