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Author Question: AutoTrader.com would like to test if a difference exists in the median age of three different types ... (Read 114 times)

aabwk4

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on: Jun 24, 2018
AutoTrader.com would like to test if a difference exists in the median age of three different types of vehicles currently on the road--trucks, cars, and vans. The following data represent the age of a random sample of trucks, cars, and vans.
 
  Trucks Cars Vans12 8 38 7 79 10 611 7 8The test statistic for this hypothesis test is ________.A) 3.55
  B) 4.36
  C) 5.11
  D) 6.04

Question 2

The benefit of the Hurwicz criterion is that it allows the user to choose a more precise level of risk with the value of when compared to the maximax, maximin, and equally likely criterion.
 
  Indicate whether the statement is true or false
Business Statistics ¦ Donnelly ¦ 2nd Edition
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softEldritch

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


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