Acme Taxi Has Two Taxi Cabs

question 46

True/False

Acme Taxi has two taxi cabs. The manager tracks the daily revenue for each cab. Over the past 20 days, Cab A has averaged $76.00 per night with a standard deviation equal to $11.00. Cab B has averaged $200.00 per night with a standard deviation of $18.00. Based on this information, Cab B has the greatest relative variation.

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Definitions:

Inferential Statistics

The branch of statistics that focuses on making predictions or inferences about a population based on a sample of data drawn from that population.

Confounding Variables

Variables that the researcher failed to control or eliminate, which can cause a false association between the studied variables.

Control Group

Group of participants in an experiment not exposed to the independent variable.