An Airline Wants to Select a Computer Software Package for Its

question 115

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.An experiment is set up in which each
Package is used to make reservations for 5 randomly selected weeks and data on the number of
Passengers that are bumped over a month are collected.(A total of 20 weeks was included in the
Experiment.) The variance on the number of passengers that are bumped is found to be roughly
The same for the 4 packages.Which of the following tests will be the most appropriate to find
Out if the mean number of passengers being bumped over a month is the same across the 4
Packages?

• A) Paired t test.
• B) Pooled-variance t test.
• C) One-way ANOVA F test for differences among more than two means.
• D) Two-way ANOVA F test for interaction effect.

---

Definitions:

Securities Act

Refers to laws that regulate the issuance and trading of securities, such as stocks and bonds, to protect investors from fraud and ensure transparency in the financial markets.

Due Diligence Defense

A legal defense used in securities law where the accused party argues they conducted a comprehensive and reasonable investigation prior to an alleged wrongdoing.

Private Placement Exemption

A regulatory exception that allows companies to sell securities directly to a limited number of qualified investors without the need for a public offer.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.