Use the file on Blackboard called "Excel Databases.xlsx". Locate the Manufacturer tab. The goal is to test to determine if there is a significant difference between mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 1% level of significance. Use Excel to perform the F-test for Equality of Variances at the 1% significance level. Which variable will be Group 1? What can you conclude from running the F-test? O a. Value Added by Manufacturer is Group 1. The F-test concludes that the population variances are unequal. O b. Cost of Materials is Group 1. The F-test concludes that the population variances are equal. OC. Value Added by Manufacturer is Group 1. The F-test concludes that the population variances are equal. O d. Cost of Materials is Group 1. The F-test concludes that the population variances are unequal.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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Value Added by Mfg.

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2761

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Cost of Materials

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27222

37040

12030

13674

19130

33521

19612

5557

163

314

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4219

5357

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364

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9661

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2170

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12980

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8483

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1865

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1682

85

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255

177

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565

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31892

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8720

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4909

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19273

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11858

23474

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16515

18543

60857

21819

13897

5523

12657

12578

11065

7621

29591

44486

13398

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42367

7760

4363

1674

8120

5476

8760

18028

16787

1020

8114

382

3646

506

6604

1789

997

8530

Use the file on Blackboard called "Excel Databases.xlsx". Locate the Manufacturer tab. The goal is to test to determine if there is a significant
difference between mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 1% level of
significance. Use Excel to perform the F-test for Equality of Variances at the 1% significance level. Which variable will be Group 1? What can
you conclude from running the F-test?
O a. Value Added by Manufacturer is Group 1.
The F-test concludes that the population variances are unequal.
O b. Cost of Materials is Group 1.
The F-test concludes that the population variances are equal.
O c. Value Added by Manufacturer is Group 1.
The F-test concludes that the population variances are equal.
O d. Cost of Materials is Group 1.
The F-test concludes that the population variances are unequal.
Transcribed Image Text:Use the file on Blackboard called "Excel Databases.xlsx". Locate the Manufacturer tab. The goal is to test to determine if there is a significant difference between mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 1% level of significance. Use Excel to perform the F-test for Equality of Variances at the 1% significance level. Which variable will be Group 1? What can you conclude from running the F-test? O a. Value Added by Manufacturer is Group 1. The F-test concludes that the population variances are unequal. O b. Cost of Materials is Group 1. The F-test concludes that the population variances are equal. O c. Value Added by Manufacturer is Group 1. The F-test concludes that the population variances are equal. O d. Cost of Materials is Group 1. The F-test concludes that the population variances are unequal.
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