Finding evidence for the boast of dealership

Reference no: EM1392309

There are two car dealerships in a particular area. The mean monthly sales at the two dealerships are about the same. However, one of the dealerships (dealership A) is boasting to corporate headquarters that his dealership's monthly sales are more consistent. An industry analyst reviews the last seven months at dealership A and finds the standard deviation of the seven monthly sales to be 14.79. He reviews the last eight months at dealership B and finds the standard deviation of the eight monthly sales to be 22.95. Using the .01 significance level does the analyst find evidence that the boast of dealership A is correct?

Reference no: EM1392309

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