A car salesman claims that the variance of prices on


A car salesman claims that the variance of prices on convertibles is higher than the variance on station wagons. The standard deviation of 16 convertibles is $6800 and the standard deviation of 24 station wagons is $3900. For α = 0.05 , what is the test value?

  • 2.78
  • 3:04
  • 2.33
  • 3:00

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Finance Basics: A car salesman claims that the variance of prices on
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