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In order to estimate the difference between the average Miles per Gallon of two different models of automobiles, samples are taken and the following information is collected.
a.At 95% confidence develop an interval estimate for the difference between the average Miles per Gallon for the two models.
b.Is there conclusive evidence to indicate that one model gets a higher MPG than the other? Why or why not? Explain.
Total Direct Labor Variance
The difference between the actual cost of direct labor used to produce goods and the standard cost of direct labor expected for those goods.
Rate
A measure, quantity, or frequency, typically one measured against another quantity or measure.
Hours
Units of time, each equal to 60 minutes, used often as a measure for billing, labor, or scheduling.
Direct Labor Time Variance
The difference between the estimated time for direct labor to complete a task and the actual time taken, indicating efficiency or productivity issues.
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