Discussion:
Q1] For the samples summarized below, test the hypothesis at 0.5 that the two variances are equal.
Sample 1 Variance = 25 Number of data values = 9
Sample 2 Variance = 9 Number of data values = 19
Do we reject or not reject and why
Q2] A marketing firm asked a random set of married and single men as to how much they were willing to spend for a vacation. At a = .05, is a there difference in the two amounts and why?
Married Men Single Men
Sample size 50 50
Mean spending 380 325
Sample Variance 6000 9000