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A frozen food company that makes burritos currently has employees making burritos by hand.It is considering purchasing equipment to automate the process and wants to determine if the automated process would result in lower variability of burrito weights.It takes a random sample from each process as shown below. To conduct a hypothesis test using a 0.05 level of significance,the critical value is 3.347.
Annual Rate of Return
The percentage of return on an investment over a one-year period, including interest, dividends, and capital gains.
Net Income
A company's total profit calculated by subtracting total expenses from total revenue.
Product Line
A series of related products offered by a company that serve similar functions or are targeted at a similar customer base.
Fixed Costs
Expenses that do not change with changes in the volume of production or sales, such as rent or salaries.
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