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We are interested in determining whether or not the variances of the sales at two music stores (A & B) are equal. A sample of 10 days of sales at store A has a standard deviation of 30, while a sample of 16 days of sales from store B has a standard deviation of 20.
1) What is the value of the Observed test statistic?
2) What are the results of the hypothesis test at a significance level of 0.05?
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At.01 significance level, can we conclude that 30-year mortgage rate for small banks is less than 6%? Evaluate the p-value.
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This confidence interval can't be trusted to give information about the spending plans of all adults. Why not?
The Statistical Abstract of the United States published by the US Census Bureau reports that the average annual consumption of fresh fruit per person is 99.9 pounds.
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