The Next Questions Are Based on the Following Information

question 32

Essay

The Next Questions Are Based On The Following Information:
A company selling new econometrics computer software advertises that firms using this software obtain,on average during the first year,a yield of at least 10% on their initial investments.A random sample of 10 of the franchises that used the software produced the following yields for the first year of operation: 9.4,11.1,10.4,10.5,11.2,8.2,8.5,4.0,8.8,and 6.1.Assume that population yields are normally distributed.
-How does variance affect hypothesis testing in most applied situations?

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Definitions:

Internal

Relating to or situated on the inside of something; inner.

Resource Partitioning

is an ecological process that allows multiple species to coexist in the same environment by utilizing different resources or engaging in different activities to reduce direct competition.

Species

A community of biological entities that consists of nearly identical members capable of gene exchange or mutual breeding.

Adaptations

Physical or behavioral changes in organisms that enhance their ability to survive and reproduce in specific environments.