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Random Samples from Two Normal Populations Produced the Following Statistics n1=n _ { 1 } =

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Random samples from two normal populations produced the following statistics: n1=n _ { 1 } = 25, s12=s _ { 1 } ^ { 2 } = 75. n2=n _ { 2 } = 13, S22=S _ { 2 } ^ { 2 } = 130.
Briefly explain how to use the 95% confidence the ratio of the two population variances to test the hypothesis of equal population variances.
LCL = ( s12/s _ { 1 } ^ { 2 } / s22s _ { 2 } ^ { 2 } ) / F0.025,24,12 = 0.191.
UCL = ( s12/s _ { 1 } ^ { 2 } / s22s _ { 2 } ^ { 2 } )F0.025,12,24 = 1.465.

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Definitions:

Isocost Lines

Lines on a graph representing all combinations of inputs that have the same total cost.

General Formula

A broadly applicable equation or rule that can be used in various situations to calculate a value or predict outcomes.

Slope

Slope is a measure of the steepness, incline, or grade of a line, often represented mathematically as the ratio of rise over run in the context of a graph.

Isocost Line

Represents all combinations of inputs that cost the same amount for a firm, illustrating budget constraints in production theory.

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