The Contents of a Sample of 26 Cans of Apple

question 53

Multiple Choice

The contents of a sample of 26 cans of apple juice showed a standard deviation of .06 ounces. We are interested in testing whether the variance of the population is significantly more than .003. The p-value for this test is

• A) .05.
• B) greater than .10.
• C) less than .10.
• D) zero.

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Definitions:

Monthly Payments

Payments made once a month, often as part of a loan or rental agreement.

Borrow

To receive something of value with the promise to return it or its equivalent value at a later date.

Compounded Semi-Annually

A method of calculating interest where the interest is added to the principal twice a year, leading to interest on interest.

Monthly Contributions

Regular payments made into a financial scheme, savings, or investment plan every month.