Amie Jackson, a Manager at Sigma Travel Services, Makes Every

question 100

Multiple Choice

Amie Jackson, a manager at Sigma travel services, makes every effort to ensure that customers attempting to make online reservations do not have to wait too long to complete the reservation process. The travel website is open for reservations 24 hours a day, and Amie regularly checks the website for the waiting time to maintain consistency in service. She uses the following independently drawn samples of wait time during two peak hours, morning 8 a.m. to 10 a.m., and evening 7 p.m. to 9 p.m., for the analysis. Assume that wait times are normally distributed. Which of the following is the correct hypotheses to determine if the variance of wait time during morning peak hours (population 1) differs from that during the evening peak hours (population 2) ?

• A) Η₀: / ≤ 1, Η_A: / > 1
• B) Η₀: / ≤ 1, Η_A: / > 1
• C) Η₀: / = 1, Η_A: / ≠ 1
• D) Η₀: / ≥ 1, Η_A: / < 1

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Definitions:

Disposable Income

Net income available to households after taxes and other deductions, used for spending or saving.

GDP

GDP represents the sum total of all monetary values of goods and services produced inside a nation's boundaries over a given time frame.

Trillion

A numerical value representing one thousand billion, or 10^12 in the United States and other countries using short scale numbering.

Total Savings

The aggregate amount saved by individuals, businesses, and the government, often measured over a specific time period.