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