Variance of new home construction costs


Over the last five years in Pa. The variance of new home construction costs has been $108,000. Over the same period of time, based on a sample of 60 new homes , the variance of construction costs in Chester County has been $117,000. Can we conclude at an alpha level of .05 that there is greater variance in new construction cost in Chester County?

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Basic Statistics: Variance of new home construction costs
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