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You are given the following data regarding a sample.
a.Compute the mean and the variance.
b.Using the critical value approach,test to determine if the variance of the population from which this sample is taken is significantly more than 12.Let = 0.05.
Late Majority
A segment of consumers that adopt new products or technologies after the average member of society, often cautious and skeptical about innovations.
Late Adopters
Individuals or groups who adopt new technology, innovations, or ideas after the majority of people have done so, often cautious and skeptical about new innovations.
Innovators
Individuals or entities that introduce new ideas, methods, or products, often pioneering change and progression in their field.
Perceived Risk
The level of risk a consumer believes is associated with purchasing a particular product or service, which can influence decision-making.
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