Use the Data Given Below to Answer the Following Questions)

question 25

Essay

Use the data given below to answer the following questions).
The following extract from a manufacturer's database shows a sample of 10 suppliers, their transportation charges, and the estimated and actual total costs of supplying materials. Note: Assume a significance level of 0.05 wherever necessary.) $$\begin{array} { | l | c | c | c | } \hline \text { Supplier } & \begin{array} { c } \text { Transportation } \\\text { Charges }\end{array} & \begin{array} { c } \text { Estirnated Total } \\\text { Cost }\end{array} & \text { Actual Total Cost } \\\hline \text { Peter } & 340 & 4,500 & 4,680 \\\hline \text { Jdhry } & 560 & 4,500 & 4,790 \\\hline \text { Martin } & 480 & 4,500 & 5,110 \\\hline \text { Philip } & 290 & 4,500 & 4,780 \\\hline \text { Mark } & 370 & 4,500 & 4,810 \\\hline \text { Thomas } & 520 & 4,500 & 4,770 \\\hline \text { Jaison } & 350 & 4,500 & 5,250 \\\hline \text { David } & 430 & 4,500 & 4,930 \\\hline \text { Carter } & 510 & 4,500 & 5,010 \\\hline \text { Leonard } & 270 & 4,500 & 4,810 \\\hline\end{array}$$
-On studying the database, the manufacturer found out that the average difference between the estimated and actual total costs was $394. Based on the sample data, can the manufacturer conclude that the average difference between the estimated and actual total costs is different from zero?

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Definitions:

Cultural Orientations

The collective attitudes, values, goals, and practices that characterizes an organization or group.

Theory Of Mind

A cognitive ability to understand that other people have their own thoughts, feelings, and perspectives, distinct from one's own.

Infants

Very young children, typically under one year of age, in the early stages of physical and cognitive development.

Knowledge

Information, understanding, or skill that one gets from experience or education; awareness of something that includes facts and principles acquired through learning.