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A Car Salesman Claims That the Variance of Prices on Convertibles

Question 45

Multiple Choice

A car salesman claims that the variance of prices on convertibles is higher than the variance on station wagons.The standard deviation of 16 convertibles is $6,800 and the standard deviation of 24 station
Wagons is $3,900.For α = 0.05, what is the test value?


A) 3.00
B) 3.04
C) 2.78
D) 2.33

Correct Answer:

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