We Are Interested in Determining Whether or Not the Variances

question 31

Essay

We are interested in determining whether or not the variances of the starting salaries of accounting majors are significantly different from the starting salaries of management majors. The following information was gathered from two samples: $$\begin{array} { l c c } & \text { Accounting } & \text { Management } \\\text { Sample size } & 16 & 16 \\\text { Average monthly income } & \$ 2,400 & \$ 2,500 \\\text { Standard deviation } & \$ 105 & \$ 125\end{array}$$ At a 5% level of significance, test to determine whether or not the variances are equal.
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