THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 36

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose two food preservatives are extensively tested and determined safe for use in meats.A processor wants to compare the preservatives for their effects on retarding spoilage.Suppose 16 cuts of fresh meat are treated with preservative A and another 12 cuts of meat are treated with preservative B.The number of hours until spoilage begins is recorded for each of the 28 cuts of meat.The results are summarized in the table below.

-The most accurate statement that can be made about the p-value for testing whether there is a difference in the population variances for preservatives A and B is:

• A)p-value > 0.05
• B)p-value = 0.00
• C)p-value < 0.01
• D)0.01 < p-value < 0.05

---

Definitions:

FMV

Fair Market Value, the price that a willing buyer and seller would agree on when both parties are informed and under no pressure to trade.

FMV

Fair Market Value, the price at which a property would sell under normal conditions.

Basis

The amount of investment in property for tax purposes, used to calculate gain or loss on the sale, exchange, or other disposition of the property.

Cash Distribution

Cash Distribution is the payment of funds from a corporation or a financial institution to a shareholder or account holder, often from profits or interest earnings.