An article in BusinessWeek discusses the salvage value of bankrupt hedge funds compared with the salvage value

Question:

An article in BusinessWeek discusses the salvage value of bankrupt hedge funds compared with the salvage value of bankrupt consumer lenders. Suppose the following data are the value a shareholder can salvage, in cents per invested dollar, for random samples of the two kinds of institutions.

Hedge funds: 10, 15, 10, 17, 10, 11, 9, 9, 12

Consumer lenders: 25, 15, 15, 28, 33, 10, 29, 25, 18

Which kind of institution, if either, falls harder and leaves it’s unfortunate investors in more trouble?

Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...