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You may need to use the appropriate technology to answer this question. Barron's has collected data on the top 1,000 financial advisers. Company A and
You may need to use the appropriate technology to answer this question. 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 sample 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 s, = $589 million. The standard deviation of the amount managed by the Company B advisers was sa = $485 million. Conduct a hypothesis test at a = 0.10 to determine if there is a significant 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 firms? State the null and alternative hypotheses. Ho: 01 302? Haio, > 02 H:02+02 NNNNNNNN Hp: 0,2 +02? 302= 022 H0:07?>07? H:0, 250 Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. Reject H. We cannot conclude there is a statistically significant difference between the variances for the two companies. Reject Ho. We can conclude there is a statistically significant difference between the variances for the two companies. Do not reject H. We can conclude there is a statistically significant difference between the variances for the two companies. Do not reject Ho. We cannot conclude there is a statistically significant difference between the variances for the two companies. You may need to use the appropriate technology to answer this question. 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 sample 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 s, = $589 million. The standard deviation of the amount managed by the Company B advisers was sa = $485 million. Conduct a hypothesis test at a = 0.10 to determine if there is a significant 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 firms? State the null and alternative hypotheses. Ho: 01 302? Haio, > 02 H:02+02 NNNNNNNN Hp: 0,2 +02? 302= 022 H0:07?>07? H:0, 250 Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. Reject H. We cannot conclude there is a statistically significant difference between the variances for the two companies. Reject Ho. We can conclude there is a statistically significant difference between the variances for the two companies. Do not reject H. We can conclude there is a statistically significant difference between the variances for the two companies. Do not reject Ho. We cannot conclude there is a statistically significant difference between the variances for the two companies
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