A Fortune study found that the variance in the number of vehicles owned or leased by subscribers
Question:
a. Compute the sample variance in the number of vehicles owned or leased by the 12 subscribers.
b. Test the hypothesis H0: σ2 = .94 to determine whether the variance in the number of vehicles owned or leased by subscribers of the other magazine differs from σ2 = .94 for Fortune. At a .05 level of significance, what is your conclusion?
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Related Book For
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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