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Two methods for precisely estimating the weights of very large objects are being evaluated for consistency.From 9 measurements using method 1, there is a variance of 1.023; from 14 measurements using method 2, there is a variance of 0.095.Does method 1 appear to have more variability than method 2? Select the appropriate critical value (CV) , test statistic (TS) , and decision and state the null hypothesis.(Use α = 0.05) .
Irrevocability Period
A designated timeframe during which a decision, such as an offer or contract, cannot be retracted or revoked.
Purchase Price
The amount of money paid or to be paid by the buyer to acquire an asset or service from the seller.
Firm Offer
An offer made in writing and containing assurances that it will be irrevocable for a period of time not longer than three months despite a lack of consideration for the irrevocability.
Irrevocability Period
The timeframe during which a decision, offer, or agreement cannot be revoked or withdrawn.
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