SOLUTION: Label each of the following situations “P” if it is an example of parametric data or “NP” if it is an example of nonparametric data. A catering company is buying equipment in orde

Algebra ->  Probability-and-statistics -> SOLUTION: Label each of the following situations “P” if it is an example of parametric data or “NP” if it is an example of nonparametric data. A catering company is buying equipment in orde      Log On


   



Question 140958: Label each of the following situations “P” if it is an example of parametric data or “NP” if it is an example of nonparametric data.
A catering company is buying equipment in order to set up their own store. They have a choice of two ovens that they can purchase for the store. The used oven is $100 less than the new oven, but its heating calibration is off by 20 degrees. Which one is a better buy for them? ____

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Probably neither P nor NP.
Buyer beware.
Cheers,
Stan H.