Salvage value of bankrupt hedge funds

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An article in BusinessWeek discusses the salvage value of bankrupt hedge funds compared with the salvage value of bankrupt consumer lenders.7 Suppose the following data are the value a shareholder can salvage, in cents per invested dollar, for random samples of the two kinds of  institutions.

Hedge funds: 10, 15, 10,  17, 10,  11,    9,   9, 12

Consumer lenders: 25, 15, 15, 28, 33, 10, 29, 25, 18

Which kind of institution, if either, falls harder and leaves its unfortunate investors in more trouble?

Reference no: EM13981720

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