A Researcher Hypothesizes That the Variation in the Amount of Money

question 40

Multiple Choice

A researcher hypothesizes that the variation in the amount of money spent on business dinners is greater than the amount of money spent on lunches. The variance of nine business dinners was $6.12, and the
Variance of 12 business lunches was $0.87. What is the test value?

• A) 3.1
• B) 9.61
• C) 49.5
• D) 7.03

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Definitions:

Credit

An accounting entry that increases liabilities or equity or represents a decrease in assets, also refers to the provision of resources based on trust.

Owner's Capital

The amount of equity a proprietor has in the business, representing the difference between the business's assets and liabilities.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future.