Multiple Choice
Exhibit 11-2.The manager of a video library would like the variance of the waiting times of the customers not to exceed 2.30 minutes-squared.He would like to add an additional billing counter if the variance exceeds the cut-off.He checks the recent sample data.For a random sample of 24 customer waiting times,he arrives at a sample variance of 3.8 minutes-squared.The manager assumes the waiting times to be normally distributed. Refer to Exhibit 11-2.At α = 0.05 which of the following is the critical value, ?
A) 13.091
B) 32.007
C) 35.172
D) 38.076
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A random sample of 18 observations is
Q28: Exhibit 11-4.Consider the expected returns (in percent)from
Q29: A two-tailed test is used to determine
Q30: Exhibit 11-1.Becky owns a diner and is
Q31: You want to test whether the population
Q33: Two students,Mary and Joanna,in a Statistics class
Q34: Exhibit 11-3.The following are the competing hypotheses
Q35: The formula for constructing the confidence interval
Q36: It is preferable to place the smaller
Q37: Using the critical value approach,conduct the following