Many homes are heated with oil furnaces. The file titled Homeheat contains a sample of heating costs
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Many homes are heated with oil furnaces. The file titled Homeheat contains a sample of heating costs for selected households. Assume that historical data indicate that household heating costs have a standard deviation of about $100.
Conduct a test of hypothesis to see if the variability in heating costs in the sample was larger than that indicated by historical data. Use both the test statistic and a significance level of 0.025.
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Related Book For
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry
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