Identify the Null Hypothesis, Alternative Hypothesis, Test Statistic, P-Value, Conclusion

question 75

Essay

Identify the null hypothesis, alternative hypothesis, test statistic, P-value, conclusion about the null hypothesis, and final conclusion that addresses the original claim
-In one town, monthly incomes for men with college degrees are found to have a standard deviation of $650. Use a 0.01 significance level to test the claim that for men without college degrees in that town, incomes have a higher standard deviation. A random sample of 22 men without college degrees resulted in incomes with a standard deviation of $923.

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Definitions:

Bonds

Long-term debt securities issued by corporations or governments, promising to pay the holder a specified amount of interest over a set period of time before returning the principal amount.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period of time, reflecting its consumption, expiration, or obsolescence.

Accounting Period

The time period covered by the financial statements.

Maturity Value

The amount payable to an investor at a security's maturity date, including both the principal and any final interest payments.