A Manufacturer Has Three Machine Lines (Red, White, and Blue)

question 3

Multiple Choice

A manufacturer has three machine lines (Red, White, and Blue) that produce the same product.The product can be scrutinized for eccentricity based on an evaluation process that returns a raw score indicating the product's departure from the standard (a higher score indicates more eccentricity) .Six products are chosen at random from each line. ​ ​
Conduct a Kruskal-Wallis test to see if the production lines appear to differ.Use a approximation.Select the appropriate critical value (CV) , test statistic (TS) , and decision.(Use α = 0.05.)

• A) CV = 6.47, TS = 5.9915, fail to reject H₀
• B) CV = 27.5871, TS = 10.56, fail to reject H₀
• C) CV = 7.8147, TS = 3.22, reject H₀
• D) CV = 5.9915, TS = 6.47, reject H₀

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Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, usually measured over a year.

Spot Rate

The current market price used for immediate delivery of a financial instrument or commodity.

Interest Rate

This is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Forward Rate Market

Refers to a financial market that deals with contracts specifying the rate at which currencies, securities, or commodities will be exchanged at a future date.