Statistics for Business & Economics
16th Edition
ISBN: 9781337325448
Author: Anderson
Publisher: CENGAGE C
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Chapter 11.1, Problem 12E
A Fortune study found that the variance in the number of vehicles owned or leased by subscribers to Fortune magazine is .94. Assume a sample of 12 subscribers to another magazine provided the following data on the number of vehicles owned or leased: 2, 1, 2, 0, 3, 2, 2, 1, 2, 1, 0, and 1.
- a. Compute the sample variance in the number of vehicles owned or leased by the 12 subscribers.
- b. Test the hypothesis H0: σ2 = .94 to determine whether the variance in the number of vehicles owned or leased by subscribers of the other magazine differs from σ2 = .94 for Fortune. At a .05 level of significance, what is your conclusion?
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Chapter 11 Solutions
Statistics for Business & Economics
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