An Airline Wants to Select a Computer Software Package for Its

question 386

Multiple Choice

An airline wants to select a computer software package for its reservation system. Four software packages (1, 2, 3, and 4) are commercially available. The airline will choose the package that
Bumps as few passengers, on the average, as possible during a month. An experiment is set up in
Which each package is used to make reservations for 5 randomly selected weeks. (A total of 20
Weeks was included in the experiment.) Which of the following tests will be the most
Appropriate?

• A) Paired t test.
• B) Wilcoxon rank sum test.
• C) Kruskal-Wallis rank Test.
• D) Tukey-Kramer multiple comparisons procedure for one-way ANOVA.

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Definitions:

Merchandise Inventory

Goods and products held by a business for the purpose of resale to customers, forming a key current asset on the balance sheet.

FOB Shipping Point

Freight terms indicating that the seller places goods free on board the carrier, and the buyer pays the freight costs.

Freight Costs

The expenses associated with transporting goods from one location to another.

Inventoriable Costs

Costs that are considered as assets on the balance sheet when incurred and then become cost of goods sold when the product is sold.