A Car Salesman Claims That the Variance of Prices on Convertibles

question 45

Multiple Choice

A car salesman claims that the variance of prices on convertibles is higher than the variance on station wagons.The standard deviation of 16 convertibles is $6,800 and the standard deviation of 24 station
Wagons is $3,900.For α = 0.05, what is the test value?

• A)3.00
• B)3.04
• C)2.78
• D)2.33

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Definitions:

Reaction

A process where one or more substances are converted into different substances through the breaking and forming of chemical bonds.

Reaction Product

The materials that result from chemical reactions.

Organic Chemistry

The branch of chemistry that studies the structure, properties, composition, reactions, and synthesis of carbon-containing compounds.

Organic Product

A substance or material originating from living beings or created through chemical processes involving organic compounds.