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3. The following table presents the amounts of the contracts for soft drinks in local school districts. Assume that the amounts of contracts is
3. The following table presents the amounts of the contracts for soft drinks in local school districts. Assume that the amounts of contracts is normally distributed. Coca-Cola Pepsi 46 120 80 500 100 59 420 285 57 19 120 95 a) (10 pts) Is it plausible to assume that the variance of the contracts for Coca-Cola and Pepsi are equal? Conduct a hypothesis test to check this claim. You can use critical value or P-value approach. Take significance level as 2%. b) (10 pts) Based on your result in (a), can we assume the mean amount of contracts for Coca-Cola is less than the mean amount of contracts for Pepsi in all local school districts? Conduct a hypothesis test to check this claim. Take significance level as 2%. You can use critical value or P-value approach.
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