THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The residents of Austin,Texas,complain that parking fines given in their city are higher than the parking fines that are given in Houston.Independent random samples of the amounts paid by residents for parking tickets in each of two cities over the last four months were obtained.Assume the population variances are equal.These amounts were as follows:
-What is the sample variance of the parking fines issued in Austin?
Definitions:
Mortgage Bonds
Bonds secured by a mortgage on a property, providing bondholders a claim against the property in case of default.
Debentures
A type of debt instrument that is not secured by physical assets or collateral but backed only by the general creditworthiness and reputation of the issuer.
Interest Expense
The cost incurred by an entity for borrowed funds, often quoted as an annual rate, and is typically deductible for tax purposes.
Sinking Fund
A reserve fund established by a company to repay debt or replace a preferred stock at a future date through periodic payments.
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