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Which of the following is used to test the significance for the analysis of a Variance Table?
A Belt experienced an Alpha of .05 and a Beta of .10 and knew these are the most common risk levels when running a Statistical test.
According to a manager it takes an average weekday commute of 39 minutes with a Standard Deviation of 7 minutes for the employees to get to work when they use their personal vehicles for their office commute while management set a policy of not more than 40 minutes for their daily one-way commute. A survey conducted one day on 70 employees showed an average of 34 minutes commuting time using the metro public transportation system with a Standard Deviation of 21 minutes. For the employees choosing to increase their chances to come on time using personal transportation their variation should be reduced to ___________?
The Z score is a measure of the distance in Standard Deviations of a sample data point from the Median of the sample population.
When utilizing Statistics the population is defined as a collection of all the individual data points of interest.
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