An Airline Wants to Select a Computer Software Package for Its

question 317

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.An experiment is set up in which each package is used to make reservations for 5 randomly selected weeks and data on the number of passengers that are bumped over a month are collected.(A total of 20 weeks was included in the experiment. ) The variance on the number of passengers that are bumped is found to be roughly the same for the 4 packages.Which of the following tests will be the most appropriate to find out if the mean number of passengers being bumped over a month is the same across the 4 packages?

• A)Paired t test.
• B)Pooled-variance t test.
• C)One-way ANOVA F test for differences among more than two means.
• D)Two-way ANOVA F test for interaction effect.

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Definitions:

Opportunity Cost

The penalty of overlooking the closest preferable alternative in the course of decision-taking.

Satisfaction

The feeling of pleasure or contentment arising from meeting one's needs or expectations.

Rational Choice

A theory in economics that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Costs and Benefits

An analysis approach that compares the total costs and total benefits associated with a particular action or decision to determine its feasibility or worth.