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TABLE 11-6
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles. She took 3 of each brand and determined their maximum downhill speeds. The results are presented in miles per hour in the table below.
-Referring to Table 11-6, the null hypothesis that the average downhill coasting speeds of the 4 brands of bicycles are equal will be rejected at a level of significance of 0.05 if the value of the test statistic is greater than____ .
Parameter λ
Often used to denote a rate parameter in exponential distributions which quantifies the frequency of occurrence for a given event.
Normally Distributed
A type of distribution for a variable where data are symmetrically distributed around the mean, showing a bell-shaped curve.
Average Balance
The mean amount of money held in an account over a certain period.
Standard Deviation
An index of variability that quantifies the spread of a set of numbers or the dispersion from the average.
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