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Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on this list. A sampie
Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on this list. A sampie of 16 of the Company A advisers and 10 of the Company B advisers showed that the advisers managed many very large accounts with a large variance in the total amount of Funds managed. The standard deviation of the amount managed by the Company A advisers was 51 = $583 million. The standard deviation of the amount managed by the Company B advisers was 52 = $488 miliion. Conduct a hypothesis test at Cl! = 0.10 to determine if there is a signicant difference in the population variances for the amounts managed by the two companies. What is your conclusion about the variability in the amount of funds managed by advisers from the two rms? State the null and alternative hypotheses. . 2 2 0.40.01 :52 H:O'2=O'2 Find the value ofthe test statistic. (Round your answer to two decimal places.) 1.43 Find the p-value. {Round your answer to four decimal places.) p-value = \"32 x
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