Use the Traditional Method to Test the Given Hypothesis

question 14

Essay

Use the traditional method to test the given hypothesis. Assume that the population is normally_
distributed and that the sample has been randomly selected. Heights of men aged 25 to 34
have a standard deviation of 2.9. Use a 0.05 significance level to test the claim that the heights
of women aged 25 to 34 have a different standard deviation. The heights (in inches)of 16
randomly selected women aged 25 to 34 are listed below. Round the sample standard
deviation to five decimal places. $$\begin{array} { c c c c c c c c } 62.13 & 65.09 & 64.18 & 66.72 & 63.09 & 61.15 & 67.50 & 64.65 \\63.80 & 64.21 & 60.17 & 68.28 & 66.49 & 62.10 & 65.73 & 64.72\end{array}$$

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Definitions:

Daily Interest

Interest calculated on a daily basis, often used for savings or loan products.

Financial Calculation

The process of determining the financial implications of various financial decisions through computations.

Daily Interest

Daily Interest calculates the amount of interest that accrues each day on a loan or investment, based on the principle and the annual interest rate, divided by the number of days in a year.

Financial Calculation

The process of using mathematical and statistical methods to analyze and assess financial data and scenarios.