TABLE 11-3 As Part of an Evaluation Program, a Sporting Goods Retailer

question 91

True/False

TABLE 11-3
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles. She took 3 of each brand and determined their maximum downhill speeds. The results are presented in miles per hour in the table below.
Trial Barth Tornado Reiser Shaw
1 43 37 41 43
2 46 38 45 45
3 43 39 42 46
-Referring to Table 11-3, the test is less sensitive to the assumption that the population of speeds has the same variance for the 4 brands because the sample sizes of the 4 brands are equal.

---

Definitions:

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Commodity

A fundamental product utilized in trade that can be exchanged with other products of similar kind.

Maximise

To increase something to its greatest possible amount or degree.

Input

Resources such as labor, materials, and energy that are used in the production process of goods or services.