Find the p-value for the test in Example 8.10 using the F-tables in Appendix D. Compare this
Question:
Find the p-value for the test in Example 8.10 using the F-tables in Appendix D.
Compare this with the exact p-value obtained from a computer printout.
F-tables in Appendix D
Example 8.10
A manufacturer of paper products wants to compare the variation in daily production levels at two paper mills. Independent random samples of days are selected from each mill, and the production levels (in units) are recorded. The data are shown in Table 8.8. Do these data provide sufficient evidence to indicate a difference in the variability of production levels at the two paper mills? (Use α = .10.)
Transcribed Image Text:
f.n = 10 P 0 1 9 .05 .10 .599 349 .914 .736 1.000 .988 .930 1.000 .999 .987 1.000 1.000 .998 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 .01 .904 .996 .20 .107 .376 .30 .028 .149 .383 .967 .994 .999 .678 .879 .650 .046 .167 .382 .633 .834 .945 .828 .988 .945 .998 .989 1.000 1.000 .999 .850 .953 .40 .50 .006 .001 .011 .989 .998 1.000 1.000 .60 .000 .002 .012 .055 .166 .055 .172 377 .623 .367 .618 .833 .954 .994 .70 .000 .000 .002 .011 .047 .150 .350 .617 .851 .972 .80 .000 .000 .000 .001 .006 .033 .121 .322 .624 .893 .90 .000 .000 .000 .000 .000 .002 .013 .070 .264 .651 .95 .000 .000 .000 .000 .000 .000 .001 .012 .086 .401 .99 .000 .000 .000 .000 .000 .000 .000 .000 .004 .096
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Because the observed value of the Fstatistic in Example 810 was 297 the ob served significance level ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9781292227085
13th Global Edition
Authors: Terry Sincich James Mcclave, P. George Benson
Question Posted:
Students also viewed these Business questions
-
A manufacturer of paper products wants to compare the variation in daily production levels at two paper mills. Independent random samples of days are selected from each mill, and the production...
-
The manager of an amusement park would like to be able to predict daily attendance in order to develop more accurate plans about how much food to order and how many ride operators to hire. After some...
-
Many economists, business leaders, and politicians argue that there is "consumer sovereignty" in capitalist markets. This basic idea implies that consumers have all the power over what happens in...
-
Find a vector parametrization of the intersection of the surfaces x 2 + y 4 + 2z 3 = 6 and x = y 2 in R 3 .
-
Techno Games Inc. has finished a new video game, Mountain Bike Challenge. Management is now considering its marketing strategies. The following information is available: Anticipated sales price per...
-
In Exercises, a. Obtain and interpret the quartiles. b. Determine and interpret the interquartile range. c. Find and interpret the five-number summary. d. Identify potential outliers, if any. e....
-
The balance sheet and income statement for the Papua New Guinea Coconut Company are as follows: Income Statement ($000) Balance Sheet (5000) Cash Accounts receivable Inventories $ 550 2,500 1.100...
-
Tesla Motors assembles the fully electric Model S-85 automobile at its Fremont, California, plant. The standard variable manufacturing cost per vehicle in 2014 is $ 58,800, which consists of: Direct...
-
For this exercise, instead of using the values in the challenge, ask the user for the number of shares, the share price, and the percent commission.For this exercise, instead of using the values in...
-
A production supervisor suspects a difference exists between the proportions p 1 and p 2 of defective items produced by two different machines. Experience has shown that the proportion defective for...
-
A consumer advocacy group wants to determine whether there is a difference between the proportions of the two leading automobile models that need major repairs (more than $500) within 2 years of...
-
What is an abstract of title?
-
On 1 September 2 0 2 0 , Spice Limited placed an order for inventory with an American supplier for $ 1 0 5 0 0 0 . Spice Limited s functional currency is the South African Rand. The inventory was...
-
Company PQR is considering issuing new equity at a cost of 12%. The company's investment bank charges a 5% underwriting fee on the gross proceeds. Calculate the flotation cost as a percentage of the...
-
Pharoah company has provided you the following sales data. Budgeted sales in September 23,300; October 32,800; November 52,500; December 43,900. The company requires 5% of next month's sales to be on...
-
Calculate the income elasticity of demand for the following demand functions and assess its magnitude (is the good normal, inferior, a luxury or a necessity?). Q =50 -10p + 3Y, at p = 2 and Y = 20 Q...
-
What insights have emerged from studying enzyme evolution and protein engineering in elucidating the structural determinants of enzyme function and specificity, and how do directed evolution and...
-
Logo Corporation, a domestic corporation, owns 100%of TAG, a foreign corporation. TAG is Logos only source of income. During the current year, TAG receives $80,000 of dividends and interest from its...
-
7. FALSE DILEMMA 8. GANDWAGON Definition: Fallacy example: How to revise argument: Definition: Fallacy example: How to revise argument:
-
Compute the price relatives for the four stocks making up the Boran index in exercise 20. Use the weighted aggregates of price relatives to compute the January 2009 and March 2009 Boran indexes. In...
-
Consider the following price relatives and quantity information for grain production in Iowa (Census Bureau website, March 19, 2009). What is the 2007 weighted aggregate price index for the Iowa...
-
Fresh fruit price and quantity data for the years 1988 and 2007 follow (Census Bureau website, March 19, 2009). Quantity data reflect per capita consumption in pounds and prices are per pound. a....
-
1. Calculate how long it would take your current personal or family savings to double at the current interest rate you are being offered by your bank. What will it take for you or your family to...
-
1. How would stabilizing the human population affect biological diversity? 2. What are the goals of restoration ecology? Are there any disadvantages associated with restoring disturbed areas? 3. How...
-
A manufacturing plant reduced their defect rate from 6% to 2% after implementing lean practices. What is the percentage improvement in defect rate?
Study smarter with the SolutionInn App