A Fortune study found that the variance in the number of vehicles owned or leased by subscribers to Fortune magazine is 0.34. Assume a sample of 12 subscribers to another magazine provided the following data on the number of vehicles owned or leased: 1,1,2,2,1,2,2,2,1,1,3,2.                     Test the hypothesis: H0: σ2 = 0.34 to determine whether the variance in the number of vehicles owned or leased by subscribers of the other magazine differs from σ2 = 0.34 for Fortune. At a 0.05 level of significance, what is your conclusion?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
Section: Chapter Questions
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3. A Fortune study found that the variance in the number of vehicles owned or leased by subscribers to Fortune magazine is 0.34. Assume a sample of 12 subscribers to another magazine provided the following data on the number of vehicles owned or leased: 1,1,2,2,1,2,2,2,1,1,3,2.
         
         
Test the hypothesis: H0: σ2 = 0.34 to determine whether the variance in the number of vehicles owned or leased by subscribers of the other magazine differs from σ2 = 0.34 for Fortune. At a 0.05 level of significance, what is your conclusion?
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