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

---

Definitions:

Confirmation Bias

The tendency to search for, interpret, or remember information in a way that confirms one's preconceptions.

Co-worker

A person with whom one works, typically someone within the same workplace or organization.

Gambler's Fallacy

The erroneous belief that if an event occurs more frequently than normal during some period, it will happen less frequently in the future, or vice versa.

Hot Hand

The tendency for gamblers who get lucky to think they have a “hot” hand and their luck will continue.