An Airline Wants to Select a Computer Software Package for Its

question 70

Multiple Choice

An airline wants to select a computer software package for its reservation system.Four software packages (1,2,3,and 4) are commercially available.The airline will choose the package that bumps as few passengers as possible during a month.An experiment is set up in which each package is used to make reservations for five randomly selected weeks.(A total of 20 weeks was included in the experiment.) The number of passengers bumped each week is given below.How should the data be analysed? Package 1: 12,14,9,11,16
Package 2: 2,4,7,3,1
Package 3: 10,9,6,10,12
Package 4: 7,6,6,15,12

• A) F test for differences in variances.
• B) One-way ANOVA F test.
• C) t test for the mean difference.
• D) t test for the differences in means.

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Definitions:

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Financing Activity

Transactions and events where cash is raised for business purposes, including issuing equity, borrowing, and repaying loans.

Fixed Asset Acquisition

The process of purchasing fixed assets, like property, plant, and equipment, that are used over a long period in the operation of a business.

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.