Farrell Tires Makes Tires for Bicycles

question 20

True/False

Farrell Tires makes tires for bicycles.At the beginning of the year,it sends out a price list addressing each type of tire,"To our valued customers." Horner Cycles,a bicycle store,orders a variety of tires at the prices quoted on the price list.Farrell Tires must sell the tires to Horner for the prices quoted on the list.

---

Definitions:

Statistically Significant

A term indicating that the results of an analysis demonstrate a likelihood that the observed effects or differences are not due to chance.

Sampling Variation

The variability in statistical measurements that occurs when different samples are taken from the same population.

Difference

Implies a point or way in which people or things are not the same.

Standard Deviation

A measure in statistics that quantifies the amount of variation or dispersion of a set of numeric values.