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

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Definitions:

Financial Data

Quantitative information about financial conditions, transactions, and performance of a person, company, or entity.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Days

Units of time consisting of 24 hours, often used to specify timeframes or durations.

Financial Data

Numerical data detailing a company's financial status, operations, and liquidity, utilized for evaluation and decision-making purposes.