A Local Retail Business Wishes to Determine If There Is

question 47

Multiple Choice

A local retail business wishes to determine if there is a difference in preferred indoor temperature between men and women. A random sample of data is collected, with the following results: If you were to use Excel's Data Analysis to assist in your solution to this problem, which test would you use?

• A) T-Test: paired 2-sample for means
• B) T-test: 2-sample assuming equal variances
• C) T-test: 2-sample assuming unequal variances
• D) Z-test: 2-sample for mean
• E) F-test: 2-sample for variances

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Definitions:

Ordinary Maintenance

Routine upkeep and repairs necessary to keep an asset operating under normal conditions.

Asset Improvements

Expenditures made to increase the service life or value of an asset without changing its original purpose.

Ordinary Maintenance

Routine maintenance and repairs that are performed to keep equipment in its normal operating condition.

Long-Lived Assets

Assets that provide economic benefits to a business for more than one fiscal year, such as buildings, machinery, and equipment.