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A stylist realizes that the quicker she can give a permanent, the happier the customer will be. She has made a slight adjustment to her traditional routine in hopes of reducing the time required. A random sample of 13 permanents from before and 16 after were timed. The results of the tests are listed below. Assume the two samples were taken from normal populations with equal variances. Do the sample variances present sufficient evidence to indicate that the population variance before is greater than the variance after? Test the appropriate hypotheses using a significance level of 0.05. Interpret your results.
Test Statistic = ______________
Reject Region: Reject H0 if F > ______________
Conclusion: ______________
There is ______________ to indicate that the population variance before is greater than the variance after.
Construct a 95% confidence interval (CI) for .
CI = ______________ Enter (n1, n2)
Find the approximate p-value for the test and interpret its value.
______________ Enter (n1, n2)
Convertible Bonds
Bonds issued by a company that can be exchanged by the holder for a predetermined number of the company's shares.
Common Stock
A type of security that represents ownership in a corporation and entitles its holder to a share of the company's profits through dividends and/or capital appreciation.
Face Value
The nominal value or dollar value stated on a financial instrument, such as a bond or stamp.
Dollar Amount
A monetary value stated in terms of the currency unit of the United States, the dollar.
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