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Management is concerned about the variability of daily output and views as undesirable any variance above 500. Test at the 10% significance level the null hypothesis that the population variance for daily output does not exceed 500.
17. Plastic sheets produced by a machine are periodically monitored for possible fluctuations in thickness. If the true variance in thicknesses exceeds 2.25 square millimeters, there is cause for concern about product quality. Thickness measurements for a random sample of ten sheets produced in a particular shift were taken, giving the following results (in millimeters):
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Lessons From The Intelligent Investor
If you're like a lot of people watching the recession unfold, you have likely started to look at your finances under a microscope. Perhaps you have started saving the annual savings rate by people has started to recover a bit.
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