Explore BrainMass

Explore BrainMass

    Hypothesis Testing - decision making situations

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Consider some decision-making situations in Business Management field of study, and describe two or more in which tests of one or more population variances are important. Use Internet resources to provide examples of situations in which population variance tests were performed. Be sure to include the url address where you found the examples.

    © BrainMass Inc. brainmass.com December 24, 2021, 4:58 pm ad1c9bdddf

    Solution Preview

    Test of variances is very useful in business processes. Consider the following two examples:

    1. A production manager may be interested in comparing the variation in the length of eye-screws produced on each of two assembly lines. A line with a large variation produces ...

    Solution Summary

    The solution looks at decision making situations in Business Management field of study