An Airline Wants to Select a Computer Software Package for Its

question 59

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 the fewest mean number of passengers 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. ) The number of passengers bumped each week is given below.How should the data be analyzed?
Package 1: 12,14,9,11,16
Package 2: 2,4,7,3,1
Package 3: 10,9,6,10,12
Package 4: 7,6,6,15,12

• A)F test for differences in variances.
• B)One-way ANOVA F test.
• C)t test for the differences in means.
• D)t test for the mean difference.

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Definitions:

Required Reserve Ratio

The fraction of deposits that a bank is required by regulation to hold in reserve, either in its own vaults or with a central bank, and not lend out.

Money Supply

The sum of physical currency, demand deposits, savings, and other liquid assets in a country's economy.

Fed

Known as the Federal Reserve System, the central bank of the United States oversees the nation's monetary policy.

Depository Institution

A financial institution legally allowed to accept monetary deposits from consumers, such as banks and credit unions.