THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 66

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A manager is considering the purchase of new production equipment to improve the output of the plant.Suppose the equipment from two suppliers is extensively tested in multiple production runs.A total of 20 runs are recorded on Supplier A's equipment and another 15 runs are reported from Supplier B's equipment.The volume produced is recorded for each of the 35 runs.The results are summarized in the table below.

-The value of the test statistic for determining if there is a difference in the population variances for Supplier A and B is equal to:

• A)0.44
• B)1.5
• C)2.25
• D)0.67

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Definitions:

Quantity Of Produced

The total amount of goods and services produced by an economy or business within a specific period.

Specialization

The process of focusing on and becoming an expert in a particular field or task, potentially leading to increased efficiency and productivity.

Particular Product

A specific good or service that is distinct among others due to unique characteristics or qualities.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or taking an action.