One of the Key Quality Characteristics in Many Service Environments

question 68

True/False

One of the key quality characteristics in many service environments is that the variation in service time be reasonably small.Recently,a major amusement park company initiated a new line system at one of its parks.It then wished to compare this new system with the old system in place at a comparable park in another state.At issue is whether the standard deviation in waiting time is less under the new line system than under the old line system.The following information was collected:
Assuming that it wishes to conduct the test using a 0.05 level of significance,the correct null and alternative hypotheses would be:
H₀ : ≠ H_a : =

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Definitions:

Shareholders

Owners of shares in a corporation, giving them certain rights such as voting on corporate matters and receiving dividends based on the company's performance.

Corporate Creditors

These are entities or individuals to whom a corporation owes money, often due to borrowing or acquiring services or goods on credit.

Plan of Consolidation

A strategy or proposal for combining two or more entities into a single entity, usually to streamline operations and reduce costs.

Consolidation

A contractual and statutory process in which two or more corporations join to become a completely new corporation.