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In a Random Sample of 20 Patients Who Visited the Emergency

question 4

Essay

In a random sample of 20 patients who visited the emergency room of hospital 1, a researcher found that the variance of the waiting time (in minutes) was 128.0. In a random sample of 15 patients in the emergency room of hospital 2, the researcher found the variance to be 178.8.
Estimate with 95% confidence the ratio of the two population variances.


Definitions:

Note

A financial instrument that represents a promise to pay a specific amount of money at a future date or upon demand.

Notes Issued

Financial obligations in the form of promissory notes that a company issues to creditors or investors to raise capital.

Account Payable

Liabilities to suppliers or creditors for goods or services received that have not yet been paid for.

Borrowing Money

The act of obtaining funds from a lender under the agreement to pay back the principal amount along with interest or other charges.

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