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Q3) Based on the Times data, is the proposed method of production lower variance than the current? Use alpha = 0.05 (i.e., 95% confidence level)
Q3) Based on the "Times" data, is the proposed method of production lower variance than the current?
Use alpha = 0.05 (i.e., 95% confidence level)
Select one:
a. Yes, the F statistic is greater than the F critical for a one tail test at the 95% confidence level.
b. Yes, because the current variance is 2.5 times the variance of the proposed method.
c. No, because the p value is very small.
d. No, because the f critical is below 2.
please attach excel file with your answer
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