Test Hypotheses About a Population Proportion
-In One Area, Monthly $\$ 650$

question 4

Short Answer

Test Hypotheses about a Population Proportion
-In one area, monthly incomes of technology related workers have a standard deviation of $\$ 650$ . It is believed that the standard deviation of monthly incomes of non-technology workers is higher. A sample of 71 non-technology workers are randomly selected and found to have a standard deviation of $\$ 950$ . Test the claim that non-technology workers have a higher standard deviation. Use $\alpha = 0.05$ .

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Definitions:

Annual Dividend

The total amount of dividends a company pays out to its shareholders each year, usually quoted as an amount per share.

Constant Rate

A stable growth or decline rate over a period, often used in the calculation of interest and financial forecasting.

Discount Rate

This is the interest rate used in discounted cash flow (DCF) analysis to present values of future cash flows back to their value today.

Estimate Of Eps

A projection or prediction of a company's earnings per share (EPS) for a specified fiscal period.